Business Studies, asked by kishormali9083, 1 year ago

M is the holder of nearly all the shares, except one, of a timber company . He is also a substantial creditor of the company. He insured the company's timber in his own name. The timber having been destroyed by fire, he claimed the loss from the insurance company. Is the company liable to m ?

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Answered by Anonymous
11

Answer:

He was also a substantial creditor of the company. He insured the company's timber in his own name. The timber was destroyed by fire & M claimed the loss from Insurance Company. ... tyres manufactured in Germany by a German Company, all the shares except one was held by the German subjects residing in Germany.

Answered by Anonymous
4

He was also a substantial creditor of the company. He insured the company's timber in his own name. The timber was destroyed by fire & M claimed the loss from Insurance Company. ... tyres manufactured in Germany by a German Company, all the shares except one was held by the German subjects residing in Germany.

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