Hilda Enters into a Contract with Indemnity Insurance Company That

question 21

Multiple Choice

Hilda enters into a contract with Indemnity Insurance Company that designates Hilda's daughter Jackie as the beneficiary. Jackie's rights under the contract will vest

• A) automatically.
• B) never.
• C) if Hilda attempts to change the beneficiary.
• D) on the occurrence of the event for which the insurance was procured.

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Definitions:

Emerging Adulthood

A phase of life transition between adolescence and full-fledged adulthood, usually ranging from late teens through twenties, characterized by exploration and uncertainty.

Emerging Adulthood

A life stage between adolescence and full-fledged adulthood, characterized by exploration and instability in jobs, relationships, and identity.

Adolescence

A developmental transition between childhood and adulthood involving significant physical, emotional, and psychological changes.

Young Adulthood

The stage of life following adolescence, roughly between the ages of 20 and 40, characterized by the pursuit of independence, relationships, and career development.