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Elenna [48]
1 year ago
5

Due to a large inheritance, a policyowner no longer needs a life insurance policy and agrees to sell it to a third party for mor

e than its cash value. This type of transaction is called a
Law
1 answer:
viva [34]1 year ago
5 0

Due to a large inheritance, a Life Insurance policy owner no longer requires the policy and agrees to sell it to a third party for more than its cash value. This type of transaction is called a Life Settlement.

<h3>What is the Purpose of a Life Settlement Contract?</h3>

The Life Settlement Contract is simply a contract that transfers the insurance cover afforded by the Life Insurance Policy form one person to another.

The life assured of the new holder of the policyholder becomes eligible to receive the benefits of the policy when the insured dies while the policyholder takes responsibility for payment of premiums.

Learn more about Life Settlement at:
brainly.com/question/570009

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An example of when civil law begins would be when _______.
balandron [24]

Answer:

a. a plaintiff enters a claim against a person or entity that failed in a duty to the plaintiff.

Explanation:

Law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior.

In circumstances where there are aberration, the law is enforced as a punishment and penalty for wrongdoings or misdeeds.

There are various types of law and these includes; criminal law, constitutional law, intellectual property law, corporate law, international law, family law, civil law, etc.

Civil law can be defined as a legal system that deals with private relationships or disputes between individuals, organizations or both in order to prevent escalation into crimes or violent confrontations. Some examples of civil law includes libel, defamation, property ownership, marriage, breach of contract, etc.

Hence, an example of when civil law begins would be when a plaintiff enters a claim against a person or entity that failed in a duty to the plaintiff.

A plaintiff refers to an individual who starts (initiates) a lawsuit against another party for misdeeds, wrongdoings or neglectful actions.

8 0
3 years ago
Lara was examining a crime scene she found a piece of cloth at the scene which she thought might have some finger prints she use
vredina [299]
Lara used ninhydrin. Ninhydrin is generally applied with a spray bottle, and will work with the amino acids within the evidence to produce a purple-effect. This is also known as Ruhemann’s Purple.
7 0
3 years ago
In georgia, who is most responsible for enforcing the laws of the state?.
Rudiy27

Answer:the governor is MOST responsible for enforcing the laws of the state                                                                               

Explanation:

5 0
2 years ago
Read 2 more answers
2. What happened to savings in the United States? How did consumers contribute to this change?
Rina8888 [55]

Answer:

What happened to savings in the United States?

Explanation:

The saving rate went from 10% savings rate to a negative savings rate. Consumers did this by binged buying items. Consumers would buy so many things that that weren't necessary, consumers supersized everything they had, instead of saving.

4 0
3 years ago
State which court(s) have jurisdiction as to each of these lawsuits:
saul85 [17]

Answer: Check explanation.

Explanation:

Great!, Before delving into the solution to the question let us define JURISDICTION. Jurisdiction is the power to make judgement. However, there there are boundaries to jurisdiction in courts. So, let us answer the question.

(a). Pat wants to sue his next-door neighbor Dorothy, claiming that Dorothy promised to sell him the house next door: since both party, that is , Pat and Dorothy are not representing any federal body, there case should be in the STATE COURT.

(b). Paula should bring the case to the STATE COURT IN DALLAS.

(c). Since the land is in Ohio, Phil should file a lawsuit in Ohio court .

(d). This is a federal case and Pete should file his case under federal jurisdiction.

7 0
3 years ago
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