A bailee is:

A) someone who escorts litigants into a court room.

B) a bond posted to free someone from jail.

C) a temporary reprieve from liability.

D) someone who has taken temporary custody of another person's property for a special purpose.

Answer: D

Property

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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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A bailee is:

A bailee is:

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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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