This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is not a duty owed by the agent to the principal: a. compensation b. ... (Read 46 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
Which of the following is not a duty owed by the agent to the principal:
 a. compensation
  b. reasonable care c. accounting
  d. notification
  e. all of the other choices are required

Question 2

Union Bank lent 200,000 to Wagner. Union required Wagner to obtain a life insurance policy naming Union as beneficiary. While the loan was outstanding, Wagner stopped paying the premiums on the policy. Union paid the premiums, adding the amounts paid to Wagner's loan. Wagner died, and the insurance company refused to pay the policy proceeds to Union. Union may:
 a. Recover the policy proceeds because it is a creditor beneficiary.
  b. Not recover the policy proceeds because it is a donee beneficiary.
  c. Not recover the policy proceeds because it is not in privity of contract with the insurance company.
  d. Not recover the policy proceeds because it is only an incidental beneficiary.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dpost18

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

a

Answer to Question 2

.B




Anajune7

  • Member
  • Posts: 574
Reply 2 on: Jun 24, 2018
:D TYSM


TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library