In life insurance, beneficiary succession is the method used to determine who will receive death proceeds. If the primary beneficiary is not living upon the death of the insured who will receive the payment?

Which of the following forms of tenancy involves the possession of property without right?

A) tenancy at sufferance B) periodic tenancy C) tenancy for years D) tenancy at will

Which of the following is a condition for an agency by ratification to be effective?

A) A principal must give prior authorization to an agent. B) A principal should lead a third party to believe that an individual is his or her agent. C) The existence of a principal must be clear to a third party at the time of an agent's unauthorized act. D) An agent must carry an authorization letter that establishes that he or she is the principal's agent.