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:

National Bank

A bank chartered by a government and often given privileged control over the issuance and management of the country's currency and financial policy.

Presidential Election

The process through which citizens of the United States elect the President and Vice President, held every four years, with candidates often representing the major political parties.

Political Tactics

Strategies or maneuvers used by individuals, groups, or organizations to gain political advantage or achieve political objectives.

Henry Clay

A prominent American statesman and politician known for his skills as a compromiser during the first half of the 19th century, playing a key role in several major legislative agreements.