Examlex
In which case are life insurance benefits not payable?
Full Payment
Completion of all required payments, settling a debt in full or fulfilling the total cost of a purchase.
Quantum Meruit
A legal principle meaning "as much as he has earned," used to determine compensation based on the value of services rendered when no contract price is agreed upon.
Valid Contract
A legally binding agreement between parties that meets all required elements, such as offer, acceptance, consideration, and lawful purpose.
Eliminates Need
Removes the requirement or necessity for something, making it unnecessary.
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