Author Question: Generally, in comparison to a donee beneficiary, a creditor beneficiary has A) about the same legal ... (Read 122 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
Generally, in comparison to a donee beneficiary, a creditor beneficiary has
 A) about the same legal rights.
 B) substantially greater rights.
 C) substantially fewer legal rights.
 D) virtually no legal rights.

Question 2

Susan took out a life insurance policy on herself, paying all of the premium payments. She named her daughter, Jessica, as the beneficiary under the policy. Jessica has not given anything in consideration for the policy. Jessica is
 A) a donee beneficiary who has rights to enforce the policy once Susan dies.
 B) a creditor beneficiary who has rights to enforce the policy once Susan dies.
 C) an incidental beneficiary because Jessica did not give any consideration for the policy and therefore cannot enforce the policy even when Susan dies.
 D) a promisor in the contract with no enforcement rights.



canderson530

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

For a complete list of videos, visit our video library