In a reciprocal obligation, the remedy of the injured party is:   Alternative Cumulative  None of the above. All of the abov

If an insured fails to pay the premium when due, the insured's heallh policy will remain in force for a specified period of lime under which of lhe following provisions?   A.Grace Period   B.Waiver of Premium   C.Guaranteed Insurability   D.Entire Contract

2) For IRC §704 a) What determines the partner's distributive share? What is a partner's distributive share? b) What if the partnership agreement does not provide for the partner's distributive share? c) Under Treas. Reg. §1.704-2, define a nonrecourse liability (the actual definition not the cite of where it is defined)? Cite where it is defined.

Indicate whether the statement is true or false, and justify your answer.The main advantage of a Cochrane insurance contract over a guaranteed renewable contract is that it does not rely on a legally unenforceable binding lifetime commitment.