What is an insurable interest? When does a person have an insurable interest?
What will be an ideal response?
An insurable interest is an interest either in a person's life or well-being or in property that is sufficiently substantial to justify insuring against injury to or death of the person or damage to the property. People can insure anything in which they have an insurable interest.Without an insurable interest, there can be no enforceable contract.For real and personal property, an insurable interest exists when the insured derives a pecuniary (monetary) benefit from the continued existence of the property, such as a car, a home, a business premises, or computer data. Put another way, a person has an insurable interest in property when he or she would sustain a financial loss from its damage or destruction.In regard to life insurance, a person must have a reasonable expectation of benefit from the continued life of another in order to have an insurable interest in that person's life.
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Define professional ethics as applied to attorneys and discuss its significance to the paralegal.?
What will be an ideal response?
This chapter discussed at length the importance of wills, as well as the fact that many Americans do not have a will. Complete a survey of at least twenty people you know and ask the following questions: Do they have a will? Why or why not do they have a will? How old are they (you can give specific ages or develop an age bracket)? At what age did they create their will? What do they think is
the most important reason for having a will? How did they have their will completed? After obtaining the information complete some analysis. What did you find? Write a summary of your findings, and include at least one chart. Students will be required to turn in all survey material with this assignment. What will be an ideal response?
Every person has a right to a trial by jury, except those who commit murder in the first degree
Indicate whether the statement is true or false
Through which channel do we mostly communicate?
What will be an ideal response?