A nonprofit organization, Save the Tigers, wants to contest Anna's will, since she
promised to leave property to them at the annual Charity Banquet. Save the Tigers has:
A. a right to submit evidence that Anna was of unsound mind.
B. a right to submit evidence that Anna was subjected to undue influence.
C. no right to contest the will.
D. no right to contest the will, but may challenge the ownership of the property in
question.
What type of insurance policy requires the payment of premiums throughout the life of
the insured and pays the beneficiary the face value of the policy upon the insured's
death?
A. Limited-payment life insurance
B. Universal life insurance
C. Straight life insurance
D. Term life insurance
David went to the store to purchase a $15 MP3 player, advertised in the paper. The
salesperson was encouraged by the store not to sell that MP3 player since it created a
loss for the store. Instead, the salesperson told David that although the MP3 player was
on sale, it was an undesirable, bottom-of-the-line product, and that David would be
much happier with an Apple iPod Nano CD player for $250. The store:
A. acted in good faith when it tried to offer a better product.
B. can be sued under the policy of negligence and strict liability.
C. can be held guilty of a bait-and-switch scheme.
D. can be held guilty of fraudulent misrepresentation.