Answer:
Explanation:
by the way you could have used the calculator's fix option....however
in two decimal place it would be 75.88,
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.
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The significant U.S. Supreme Court case Madison, 5 U.S. (1 Cranch) 137 (1803), which established the idea of judicial review in the nation, gave American courts the power to declare laws and statutes unconstitutional.
The Marbury v. Madison decision by the U.S. Supreme Court in 1803 established the judicial review principle and gave federal courts the authority to deem legislative and executive actions unlawful. Chief Justice John Marshall penned the unanimous opinion.
Marbury v. Madison strengthened the federal judiciary by granting the federal courts the ability to declare legislation, as well as executive and administrative acts, unconstitutional with the U.S. Constitution and, as a result, null and invalid.
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