StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Issue-based memorandum - Essay Example

Comments (0) Cite this document
Summary
Name Professor Course number Date A lot of people consider homeowners insurance as an important purchase. This is because homeowner’s insurance protects against losses arising from a personal residence. Homeowner’s insurance can provide coverage for the place of abode, personal property, other structures, personal liability, and loss of use, scheduled coverage, and medical payments…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.7% of users find it useful
Issue-based memorandum
Read Text Preview

Extract of sample "Issue-based memorandum"

Download file to see previous pages In the case of Henry and Hanna, they had insured their home with Fastpay Insurance Company. However, the insurance policy document made it clear that, in case of a vacancy of up to sixty days, it would automatically lead to suspension of the coverage. Since Henry and Hanna brought their marriage to an end, this meant that their house would remain vacant until that time when there would be a potential buyer. Unfortunately, the house was damaged by wind and fire in a freak Plano tornado. The insurance company turned down their compensation claims on the mere fact that the house was vacated for 60 days prior to the emergence of the Plano tornado. On one, hand, the provisions of the policy document are legally binding, whereas another school thought thinks that this condition should not to be deterrence for denying Henry and Hanna some sought of compensation from the insurance company. Appelle Carnes filed a suit against Texas Farm Bureau Mutual Insurance Company. Appelle Carnes sought the services of the insurance company because they wanted to insure their cotton picking machine against risks such as fire. The two parties’ rubber stamped an endorsement that was known as “Endorsement No. ...
It is at this point that the machine was damaged by fire. At this point, Appelle Carnes and Texas Farm Bureau Mutual Insurance Company could not come into an agreement on the actual amount of damage payable. This forced Carnes to file a legal suit against the insurance company. The insurance company cited two reasons, both of which meant that Carnes did not stand to be compensated in anyway whatsoever. First, the insurance company argued that Carnes had violated “Enforcement No. 10” thus Carnes should not claim any payment. Second, the policy document requires Carnes to file a sworn proof of loss and Carnes failed to do so. Hence, this barred Carnes from any recovery based on the terms of this policy. On the other hand, Carnes argued that the violation of “Endorsement No. 10” could not be used as a point of reference, because the provision is unenforceable under Art. 6. 14 of the insurance code. It is a known fact that Carnes went against the terms set under “Endorsement No. 10” because he was using the cotton picking machine more than fifty miles away from the garage. That being the case, the jury concluded that the violation in that particular provision in the policy document, did not contribute to the damage of Carne’s cotton picker by fire. This finding was not challenged on appeal. In fact, the insurance company contends that Carne’s violation of “Endorsement No. 10” did not contribute to the loss, thus the edict could not apply. Furthermore, it is the contention of the insurance company that “Endorsement No. 10” is either a warranty or it is merely meant to limit the coverage, but the violation of this statute is connected to the risk, thus it bars recovery. Endorsement No. 10 is often considered to be ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Issue-based memorandum Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/law/1496240-issue-based-memorandum
(Issue-Based Memorandum Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/law/1496240-issue-based-memorandum.
“Issue-Based Memorandum Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/law/1496240-issue-based-memorandum.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Issue-based memorandum

Memorandum

...Memorandum 1. Statement of Problem: The Legendary café is an American based multi-unit restaurant that offers fast-casual foods to its consumers. With the vigorous Growth Development Product changes and a rising lifestyle trend to feeding in China, the Legendary café did an expansion to operate into China market to implement its concept of serving customers with delighting high-quality services. Due to lack of appropriate knowledge and experience about the Chinese market, the chief executive officer Leventhal opted to give Chinese market experienced and skillful Louis Chen the full mandate to control the operations in China. Unfortunately, after one year of operations in China, the company’s headquarter did not satisfy the Chinese...
3 Pages (750 words) Assignment

Sanctification that Based on Calvins Theology

The first part will try to define morality while the succeeding section will tackle the different meanings attributed to sanctification, giving emphasis on what is taught by Calvinism. In light of this, the issue that links sanctification with morality will be examined through a discussion on the definition of morality. This paper will conclude with its findings.
In the strictest sense, morality refers to “which is innately regarded as right or wrong (Morality 2006).” There isn’t a concise meaning associated with morality as it often refers to set of judgments and principles shared by individuals in within the same culture, religion, and philosophical concepts which separate and identifies actions which are...
9 Pages (2250 words) Coursework

Billing System Upgrade with Web-Based Version Project of Rick Auto Enterprises: A Communication Plan

The project is envisioned to involve changes to existing business processes, changes to existing jobs, and/or the creation of new positions. With the new web-based version, customers and auto brokers will be able to view and pay their bills online, as well as access a billing customer service agent is required. This change will affect the billing, sales, and customer service departments but it is expected to reduce costs, improve customer satisfaction, and reduce the number of days for outstanding accounts receivable.
Ownership of the existing system rests with the Billing Department. However, with the benefits projected to be derived from the upgraded system, especially with the implantation of the web-based version, the Cus...
12 Pages (3000 words) Case Study

Esentials of Management: Team-Based Learning

Setting up successful teams is a prerogative of any organization and in the business world of present times; it is very much a need rather than a desire. The businesses have changed so as to create more room for teams than individual working ethos. This has given space to more facilitation within the working environments of teams since they bring combined efforts and usage of more brains than a singular person. The factors that stand important in the wake of successful teams include a commitment towards common goals and a simplistic and solitary objective which must be kept in mind at all times. These factors underline the basis of the teams performing a singular whole than disjointed units within the framework of the organization...
6 Pages (1500 words) Report

The Contract of Carriage Issue

English Rail is in the business of transporting passengers through its train system. It is therefore implied that it is capable of carrying out such business with reasonable care and skill. Those engaging in certain businesses that represent themselves as “being prepared to carry out a service, must exercise the skill of reasonably competent members of that trade or profession in providing the service” (Boella & Pannett, p. 228). Maggie slipped on the carriage due to tea spilt on the floor, and as a result injured her ankle and damaged her new coat. English Rail should have immediately cleaned up the spill in order to avoid slippage and injuries to its passengers. This is part of the reasonable care and skill that...
6 Pages (1500 words) Essay

The Characters Tyler and Jack in Fight Club and Calvin and Hobbes the Philosophers and the Cartoon Characters Based Upon Them

...The Characters Tyler and Jack In Fight Club And Calvin and Hobbes (The Philosophers and the Cartoon Characters Based Upon Them): A Comparison Analysis of literature in a creative way requires some seriousness of thought. Here it will be attempted to link excerpts from the script Fight Club and the philosophies of John Calvin and Thomas Hobbes. 

The major link between the two will be demonstrated through the ethical and moral scruples of the cartoon Calvin and Hobbes, which will be described further in detail later on herein. The characters in Fight Club are supposed to mirror Calvin and Hobbes, and Calvin and Hobbes are supposed to mirror the philosophers John Calvin and Thomas Hobbes. 

 One of the more amusing scenes...
6 Pages (1500 words) Assignment

Computer Privacy Issue

The requirement has increased because there are unscrupulous computer attacks and private details are being stolen now more and more. These malicious data attacks have left the computers worldwide at a risk and hence the need to have privacy is of fundamental significance. If these privacy regimes are not taken care of, one could guarantee that problems would come about quickly and the computer networks would crash down instantly, thus providing fatal for the businesses and individuals alike. It goes to show without any doubt that privacy forms up as the most essential ingredient of success within a business entity and any organization would absolutely cherish the idea of having privacy within their networks to keep away the negat...
6 Pages (1500 words) Essay

The Issue of Water Pollution

Researchers use the following classification for water pollution: (1) Putrescible materials; (2) Heated effluents; (3) Inert materials; (4) Toxic materials; (5) Radioactive elements and compounds. Water pollution should be controlled by every state and society as it influences air, water, and natural resources and changes the global climate system/ Industrial use of water began to affect the quality of water in developed and developing countries. A waterwheel that supplied the power for grinding grain did no harm to a millstream; but as the industry began to use great quantities of water to process materials and flush away wastes, even greater pollution than sewage came into being. Sawmills dumped sawdust into rivers and killed of...
7 Pages (1750 words) Article

The Issue of Childhood Obesity

One of the challenges for children who are obese is society's stereotypes around obesity. This can cause children to be teased by their peers which can be damaging to them in the long run.

Hoffman and Rose (2005) found that in the year 2004, consumers spent $46 million on diet products and self-help books (p.1). This does not include children necessarily but it is a statistic that is staggering when it has been shown that most people will gain their weight back. Every year, people spend money on diets, supplements to lose weight, bariatric surgeries and other ways to lose weight. The media plays a large role in making people think that they must be a certain size of thin and although society has been given other reasons...
6 Pages (1500 words) Coursework

Directors Remuneration as a Contentious Issue in the Corporate World

Critics of the excessive packages are of the opinion that such high packages reflect ‘pay for failure’ and do not take in to account the financial performance of the company (Solomon, 2007 p. 40). Additionally, most of the directors are geared at self-interests, thus undermining the ability of the shareholders to receive a fair return for their investments (Barty and Jones, 2012 p.14).
According to a recent report by the High Pay Commission, there has been a drastic growth in directors’ packages over the last thirty years. According to the report, directors’ packages have risen by about 5,000 percent in the last thirty years while the average income worker has increased by only 300 percent. The report...
6 Pages (1500 words) Coursework

The Issue of Abortion

Pro-life, pro-choice, and teen pregnancy issues are covered in this paper.
To understand issues pertaining to abortion, it is important to define the word abortion. According to Butts and Rich, abortion means "to give premature birth before the fetus is capable of sustaining life, as in a miscarriage or spontaneous abortion, or a woman's intentional termination of a pregnancy" (73). Max Solbrekken World Vision asserts that approximately 43 million abortions were conducted all over the world in 2008. In average, 41, 237 abortions are conducted or done daily all over the world (Butts and Rich 73). In fact, this figure denotes the average number of abortions conducted yearly at a global perspective. It is worth noting that discu...
8 Pages (2000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Issue-based memorandum for FREE!

Contact Us