Pat and Abe do not sign a contingency from the sale of the buyers property. However, it is clear that if Pat is not able to sell her home, she will not have the down payment funds necessary to buy Abe's home. This is a/an:
A. Hidden contingency
B. De facto contingency
C. Contingency by estoppel
D. Acceptable sale practice
Answer: A. Hidden contingency
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Which statement is true with regard to the incontestable clause?
I. It protects the beneficiary if the insurer attempts to deny payment of the death claim more than two years after the policy was purchased. II. It allows the insurer to deny a death claim during the first two years of coverage on the basis of concealment or misrepresentation by the applicant. (a) I only (b) II only (c) both I and II (d) neither I nor II
Supervisors can help interviewers with an inordinate number of refusals by listening to the introductions they use and providing immediate feedback
Indicate whether the statement is true or false