All of the following are policies that may be issued in a purchase transaction EXCEPT

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All of the following are policies that may be issued in a purchase transaction EXCEPT

A.Owners policy
B.Lenders policy
C.Sellers policy
D.Leasehold policy

Answer: C.Sellers policy

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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