Business, 31.03.2020 02:07 shelbyp2003

Malone purchased a painting by Van Gogh and took out a $1 million insurance policy on it. He later sold the painting, but continued to make payments on the policy. When the painting was destroyed by vandals, Malone tried to collect $1 million from the insurance company. Evaluate the situation.

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Malone purchased a painting by Van Gogh and took out a $1 million insurance policy on it. He later s...

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