Biz investo, Inc., has property insurnace with Coverall Insurance, Inc. Biz Investo suffers a loss in a burglary, but the parties cannot agree on the amount of recovery. Under an appraisal and arbitration clause
a. Biz Investo can demand an appraisal that Coverall must pay.
b. Coverall can demand an appraisal that Biz Investo must accept.
c. each party can demand separate appraisals to be resolved by a third party.
d. the government sets the value of the loss which both parties must accept.
Answer: C
Business Law
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