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J is injured in an accident on K’s premises. K has a commercial general liability policy with a $300,000 combined single limit. The court awards J $6000 for medical expenses and $15,000 for pain and suffering. The court costs and attorney fees charged to k amount to $4800.In this situation, k’s policy will pay $10,800 $21,000 $25000 $25800

J is injured in an accident on K’s premises. K has a commercial general liability policy with a $300,000 combined single limit. The court awards J $6000 for medical expenses and $15,000 for pain and suffering. The court costs and attorney fees charged to k amount to $4800.In this situation, k’s policy will pay $10,800 $21,000 $25000 $25800

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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J is injured in an accident on K’s premises. K has a commercial general liability policy with a $300,000 combined single limit. The court awards J $6000 for medical expenses and $15,000 for pain and suffering. The court costs and attorney fees charged to k amount to $4800.In this situation, k’s policy will pay

  1. $10,800
  2. $21,000
  3. $25000
  4. $25800
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