Lucas has bought the following insurance this week: I. A life insurance policy on his brother. II. A life insurance policy on the partner in his accounting practice. III. A fire insurance policy on the fitness club he belongs to so that if it burns down, he will receive a large enough payment to enable him to join a different club. In which of these policies does he have an insurable interest?
a. I, II, and III.
b. Neither I, II, nor III.
c. I and II.
d. I and III.
e. II and III.
Question 2
One advantage of arbitration is that it provides the parties with greater opportunities for discovery than litigation does.
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