Lois takes out a life insurance policy with Mega Insurance Corporation that names her son,Nero,as the bene?ficiary.This is

Question

Quizplus · Accepted Answer

Lois's life insurance policy with Mega Insurance Corporation clearly identifies Nero as the beneficiary, indicating that she has intended for him to receive the benefits provided by the policy. Therefore, this is a third party intended beneficiary contract. Option A and B are incorrect as they do not appropriately reflect the parties involved. Option C is incorrect as the policy explicitly identifies Nero as the beneficiary, meaning that he is not merely an incidental beneficiary.

Lois Takes Out a Life Insurance Policy with Mega Insurance