With no explanation, chose the best option from "A", "B", "C" or "D". [sic] near commensurate with the stated value.”); Bella S.S. Co. v. Ins. Co. of N. Am., 5 F.2d 570, 572 (4th Cir.1925) (“No reasonable insurer will knowingly take an insurance risk when it is to the interest of the insured that the property should be lost.”); Smith v. Cont’l Ins. Co., 2001 WL 418720 at *3-4, 4, 2001 U.S. Dist. LEXIS 4999 *12-13, 15 (D.Md.2001) (finding a policy void ab initio because the insured’s misrepresentation of a vessel’s value as $32,000 when it had been (1) purchased five years earlier for $16,000 and (2) estimated at $100 a year earlier in a bankruptcy petition was material, and because the insured’s failure to disclose those earlier prices was also material); Albany Ins. Co. v. Horak, 1993 WL 269620, *8-9, 1993 U.S. Dist. LEXIS 9500, *27-28 (E.D.N.Y.1993) (<HOLDING>); Hartford Ins. Co. v. Garvey, 1988 WL 185880,

A: holding that the purchase price and cost of repairs are both relevant to risk valuation and that an insureds nondisclosure of a 57 000 purchase price one year before obtaining 350000 insurance coverage was material and voided the policy ab initio
B: holding damage award resulting from a breach of an agreement to purchase securities is the difference between the contract price and the fair market value of the asset at the time of the breach
C: holding that where purchaser had taken possession and paid part of the purchase price the statute of frauds did not bar enforcement of a purchase agreement
D: holding that the absence of a market price is no barrier to valuation for purposes of assessing tax liability
A.