Suppose John dies, and the insurance company refuses to pay his policy. Can the wife and children sue for the insurance proceeds?
A) Yes, because John had the right to receive the proceeds up until the time of his death.
B) No, because they paid no consideration for the right to receive money under the contract.
C) Yes, because both John and the insurance company intended them to benefit from the contract.
D) No, because third parties can never sue for enforcement of a contract.
C
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Compensation is designed to put the non-breaching party in the position he would have been in had the contract not been ________
Fill in the blank(s) with correct word
Cases published in the Federal Reporter are cases from which court or courts?
A) US Supreme Court B) US Court of Federal Claims and the US Court of Appeals C) US Court of Federal Claims and the US District Courts D) US Court of Federal Claims and US Bankruptcy Courts
What is the starting point for enacting a statute?
What will be an ideal response?
In bankruptcy practice, one of the most prevalent causes for a jury trial in bankruptcy court involves a(n) ________ by the debtor
A) Exaggerated claim B) Mistake made C) Fraudulent transfer D) Unknown transfer