Zac purchased a used car. He uses the car to commute to work. He is happy with his purchase because the car offers good mileage. In this scenario, Zac's perception of the car exemplifies _____

Kim received a life estate based on the life of Chong. Kim is killed while Chong is still living; what happens to the life estate?

a. it vests in Chong for the duration of Chong's life b. it vests in the heirs or devisees of Kim c. it reverts to the remainder person d. it ceases to exist

Unrestrained price competition does not work in the insurance market because prices have to be determined long before final costs are known

Indicate whether the statement is true or false