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Chris M.
Chris M., M.S.W. Social Work
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4.Danielle purchases life insurance on her own life with Big

Resolved Question:

4.Danielle purchases life insurance on her own life with Big Life Insurance and makes her husband, Walter, the beneficiary. Which of the following statements is true?

A. Walter is a donee beneficiary.
B. Big Life Insurance is a creditor beneficiary.
C. Danielle is an intended third-party beneficiary.
D. Danielle is a donee beneficiary.

5.Paul enters into a contract with Harry. Paul agrees to put a new roof on Harry's house, and Harry agrees to pay Paul $5,000. Paul is late on a payment to Sam's Supply House and tells Sam's Supply House that he will pay when he receives money from Harry. Sam's Supply House has heard this from Paul before and didn't receive money. To ensure Paul pays his payment from the money Harry pays him, Sam's Supply House can

A. require an accord and satisfaction be entered into.
B. have Paul assign his interests under the contract with Harry to Sam's Supply House.
C. tell Harry that Paul is indebted to Sam's Supply House, which automatically makes them a creditor beneficiary entitled to the payment.
D. have Harry assign his interests under the contract with Paul to Sam's Supply House.

8.Sara purchases life insurance on her own life and makes her husband, Dean, the beneficiary. Sara dies. Dean applies to the insurance company for payment of the proceeds. The insurance company denies payment, pointing out that Dean didn't sign the contract and therefore doesn't have privity of contract. Dean is

A. entitled to the proceeds as an intended beneficiary.
B. not entitled to the proceeds because he doesn't have privity of contract.
C. entitled to the proceeds because he was married to Sara.
D. entitled to the proceeds as an incidental beneficiary.

9.Warren agrees to paint Abby's restaurant for $1,000. Warren fails to paint. Abby may be entitled to punitive damages if

A. Warren doesn't know how to paint, misrepresented himself as a painter, and never intended to paint.
B. Abby loses profits as a result of the breach.
C. Abby has to pay substantially more than $1,000 for someone else to perform the job.
D. the contract breached was both written and witnessed.
Submitted: 6 years ago.
Category: Homework
Expert:  Chris M. replied 6 years ago.

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Customer: replied 6 years ago.
thank you Laughing