Author Question: A township has 640 sections. Indicate whether the statement is true or ... (Read 51 times)

joesmith1212 · **on:** Jun 24, 2018

A township has 640 sections.
Indicate whether the statement is true or false

Question 2

Janice Beadles owns a large cargo vessel that is used primarily for international trade transactions. Janice is quite concerned about her possible liability and financial losses, as she has become aware of more and more collisions between ships at sea. What can you tell her about the different types of insurance that she could obtain that could assist her in the event of an accident?

scottmt · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

FALSE

Answer to Question 2

Janice needs to learn more about ocean marine insurance. Ocean marine insurance is a form of insurance that would protect Janice from perils of the sea. There are four classes of ocean marine insurance: hull, cargo, liability, and freight. Hull insurance would cover damage to Janice's vessel itself. Cargo insurance would cover any damage to the goods being transported. Liability insurance would cover Janice's liability if her ship caused damage to another ship or its cargo. Finally, freight insurance would insure that the ship owner would receive payment for transportation charges.