Contributory negligence is a defense to negligence actions, but not generally in strict liability

actions.

Indicate whether the statement is true or false

TRUE

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Rob purchased a standard whole life policy with a $500,000 death benefit when he was age 30. His insurance agent told him the policy would be paid up if he reached age 100. The present cash value of the policy equals $250,000. Rob recently died at age 60. The death benefit would be

A) $250,000 B) $750,000 C) $375,000 D) $500,000

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A seller has listed her home with a broker for $190,000. The listing broker tells a prospective buyer to submit a low offer because the seller is desperate to sell. The buyer offers $185,000 and the seller accepts it. In this situation,

A) the broker has violated his agency relationship with the seller. B) the broker was unethical, but the seller did get to sell her property. C) the broker acted properly to obtain a quick offer on the property. D) any broker is authorized to encourage such bids for the property.

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