Tom opened a store in a mall. His store is located between a theater and a department store. Tom counts on the theater and department store to generate walk-in business at his store
While his store has been successful, Tom knows that if either or both of the other businesses closed, his store would suffer an economic loss. What type of dependent property situation is illustrated in this scenario?
A) contributing location
B) recipient location
C) manufacturing location
D) leader location
Answer: D
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Denise, age 52, has a straight whole life policy and decides to stop paying premiums and take a paid-up policy for a reduced amount. Her paid-up policy will be
A) term insurance B) whole life C) any type of policy she selects D) an annuity"
The main purpose for making contracts involving minors voidable at the minor's option is:
A) To reduce the amount of litigation in the courts. B) To protect the minor from unscrupulous adults. C) To punish adults for entering into contracts with minors. D) To support the policy of not enforcing gift promises.