Under the Needs Approach,when Is the Dependency Period of a Surviving

question 34

Multiple Choice

Under the needs approach,when is the dependency period of a surviving spouse assumed to end?

• A)1 or 2 years after the breadwinner's death
• B)when the youngest child reaches age 18
• C)when the surviving spouse reaches age 65
• D)when the surviving spouse dies

---

Definitions:

Unilateral Mistake

Occurs when one party to a contract is mistaken about a basic assumption on which they made the contract, and the other party either knows or has reason to know of the mistake.

Standard-Size

Refers to products or items that are made to adhere to specific, established dimensions or norms commonly accepted in their category.

Rescinded Contract

A contract that has been declared void by one or both parties, returning them to the position they were in before the contract was made.

Concealment

The act of withholding material information that one is legally or morally bound to disclose, especially in contracts or insurance.