Kevin overhears his roommate Donovan tell someone that he is planning to go ski-diving next weekend.Despite not really knowing Donavan very well,Kevin purchases a $1M life insurance policy on Donovan's life.Donovan's chute fails to open and he meets his demise.Kevin can collect the $1M.
Correct Answer:
Verified
Q36: Parents are liable for their children's contracts
Q37: To avoid misunderstanding,a minor's ratification of a
Q38: Minors are liable for the contract price
Q39: In most states,if a contract is disaffirmed
Q40: The seller's recovery for providing a minor
Q42: At common law,parties to an illegal contract
Q43: Courts have held contracts to be contrary
Q44: After becoming sober,an intoxicated person can ratify
Q45: When a contract includes an interest rate
Q46: Most states provide civil,but not criminal,penalties for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents