Husband buys an insurance policy with a face value of $100,000 and names his wife as sole
beneficiary. When husband dies, the insurance company refuses to pay her the $100,000. Which
of the following best describes this situation?
A) The wife can sue the insurance company because she is a third-party beneficiary to this
contract.
B) The wife cannot sue the insurance company because she was not a party to the contract
and does not have privity.
C) The wife can sue the insurance company because she was a party to the contract and does
have privity.
D) The wife cannot sue the insurance company because she does not have an insurable
interest in her husband.
A
You might also like to view...
Continuous innovation is a weak response by a company trying to protect its market share
Indicate whether the statement is true or false
Zhang Company reported Cost of goods sold of $835,000, beginning Inventory of $37,200 and ending Inventory of $46,300. The average Inventory amount is:
A. $37,200. B. $46,300. C. $41,750. D. $83,500. E. $9,100.
There are many snack foods for children, but only Nature's Path makes an organic snack designed for a child's palate. The product's unique selling proposition is that it is completely organic.
Answer the following statement true (T) or false (F)
________ is an exercise that determines the impact of losing the support of an EC resource to an organization and establishes the escalation of that loss over time, identifies the minimum resources needed to recover, and prioritizes the recovery of
processes and supporting systems. Fill in the blank(s) with correct word