Third-party beneficiaries
Bar Exam · Flashcards · Application
BAR EXAM · FLASHCARDS
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QUESTION
An insured names her son as beneficiary of a life insurance policy. What is the son's status?
QUESTION
A city contracts for construction of a new road, and a nearby shop owner expects higher sales. What is the shop owner's status?
QUESTION
An insured names her son as beneficiary of a life insurance policy. What is the son's status?
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ANSWER
An intended (donee) beneficiary who may enforce the policy. The insured purchased the policy specifically to benefit the son.
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