Anna is 88 years old and under the legal guardianship of her daughter. One day Anna receives a telephone call from a health insurance salesman and purchases a $400-a-month Medigap insurance policy. This contract is:
A) valid.
B) voidable.
C) void.
D) voidable only at the option of Anna.
C
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The Balanced Scorecard was originally proposed in 1996 by:
a. Guest and White (1996) b. Kaplan and Norton (1996) c. Guest (2000) d. Jamrog (2004)
In group life insurance, an insurer might accept an exposure who could not meet the insurer's standards for individual life insurance
Indicate whether the statement is true or false
______ is something of value or something bargained for in exchange for a promise
a. Consideration b. Realization c. Compensation d. A bargaining chip e. An asset
The owners of a chain of fast-food restaurants spend $25 million installing donut makers in all their restaurants. This is expected to increase cash flows by $11 million per year for the next five years
If the discount rate is 5.3%, were the owners correct in making the decision to install donut makers? A) No, as it has a net present value (NPV) of -$4.45 million. B) No, as it has a net present value (NPV) of -$2.22 million. C) Yes, as it has a net present value (NPV) of $13.34 million. D) Yes, as it has a net present value (NPV) of $22.23 million.