If an insurance company is using facultative reinsurance, it must look for a reinsurer each time the company uses reinsurance.

Tom has agreed to the terms of a contract that obligates him to paint Dorothy's house within thirty days. Before he began painting, Dorothy's house was destroyed by a tornado

Which of the following statements is true about Tom's contract obligations? A) The contract remains valid, and Tom must paint Dorothy's next residence. B) The contract remains valid, but Tom must wait a reasonable time to allow Dorothy to rescind. C) The contract is voidable as its object is illegal. D) The contract is discharged by impossibility of performance.

What type of property would be considered community property if it had been

acquired while the married couple were living in a community property state? a. Separate property b. Community property c. Quasi-community property d. All of the above