P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to
R's estate
Q's estate
P and Q's estate
P only
The correct answer is "P only". In this situation, benefits will be paid to P because P survived the accident and is the primary beneficiary.
You might also like to view...
A manufacturer distributes his products to retailers. However, the manufacturer requires that
the retailers charge their customers a price set by the manufacturer. Anyone who does not charge these prices is terminated as a distributor. This action is: A) Legal, since it is judged by the rule of reason. B) Vertical price fixing. C) Horizontal price fixing. D) A horizontal market division.
Sound Financials Corporation sends daily e-mail ads to its previous customers and those who have opted to receive the notices.Instable Investments, Inc, sends e-mail ads to any e-mail address that Instable can find on the Web or otherwise generate. Refer to Fact Pattern 7-1. Sound Financials and Instable Investments are subject to the laws of the states in which they are located and do business
Thirty-seven states A) prohibit or regulates the use of spam.prohibit or regulates the use of spam. B) require the use of spam by business entities. C) ban the use of spam altogether. D) preempt the application of state law to commercial e-mail.
There are no exceptions to the Statute of Frauds.
Answer the following statement true (T) or false (F)
What type of international risk exposure measures the change in present value of a firm resulting from changes in future operating cash flows caused by any unexpected change in exchange rates?
A) transaction exposure B) accounting exposure C) operating exposure D) translation exposure