Business, 21.09.2019 00:20 esnyderquintero
"the pyro corporation has outstanding twenty thousand shares of common stock, of which nineteen thousand are owned by peter b. arson; five hundred shares are owned by elizabeth arson, his wife; and five hundred shares are owned by joseph q. arson, his brother. these three individuals are the officers and directors of the corporation. the pyro corporation obtained a $750,000 fire insurance policy to cover a certain building it owned. thereafter, peter b. arson set fire to the building, and it was totally destroyed. can the corporation recover from the fire insurance company on the $750,000 fire insurance policy? why or why not? "
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