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1. Jones buys a life insurance policy from Liberty Insurance Company. The policy is designed to pay Smith the sum of $100,000 upon Jones's death. The policy is an example of which of the following?

1. Jones buys a life insurance policy from Liberty Insurance Company. The policy is designed to pay Smith the sum of $100,000 upon Jones's death. The policy is an example of which of the following?

Group of answer choices

No competition-clause

Parol evidence

Third-party beneficiary contract

Assignment of rights

2. Of the following, which would be the BEST example of a condition precedent?

Group of answer choices

The contract requires Bill to pay $50 to Mabel and requires Mabel to ship 10 apple pies to Bill.

The contract requires Bill to pay $50 to Mabel in advance of shipment.

The contract requires Mabel to ship 10 apple pies to Bill, but only if she receives as shipment of fresh apples from Washington within 48 hours.

The contract requires Mabel to ship 10 apple pies to Bill, and the pies are guaranteed to meet Mabel's highest quality standards.

3. Which of the following refers to a defense to negligence that consists of proving that the plaintiff did not exercise the ordinary degree of care to protect against an unreasonable risk of harm and that this failure contributed to causing the plaintiff's harm?

Group of answer choices

Negligence per se

Contributory negligence

Comparative negligence

Res ipsa loquitur

Apr 13 2021 View more View Less

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