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- 12. Promises to make charitable contributionsa. are exempted from the necessity of considerationb. are not legally enforceablec. are based on promissory estoppeld. may not be valid unless large sums of money are involved15. The annual increase diene cash duander value of a life insurance policy: a. Is taxed when the individual dies and the heirs collect the insurance proceeds. b. Must be included in gross income each year under the original issue discount rules. c. Reduces the deduction for life insurance expense. d. Is not included in gross in ych y sach year because of the substantial restrictions on gaining access to the policy's value.What is contract? rescission? and what is Homestead exemption? discharge & attachment ? Legal enviorment today business
- 5 in order for a conditional receipt to be issued, the applicant must A take a medical examination B sign the application and pay the initial premium C name a beneficiary D elect a settlement option.What are the key elements required to establish a contingent contract?"I need answer typing clear urjent no chatgpt plz pls explain all Contracts entered by a public company after obtaining the certificate of incorporation, but before getting the certificate to commence business are termed as: a. Preliminary agreements b. Contracts at arm's length c. Pre-incorporation contracts d. Provisional contracts
- Describe w hat are the key elements required to establish a contingent contract?"please answer part b. thank you.Coleman An office meander purchases an incivil Desafilty Income policy Will a Chonger & Onapanon provision the sher Laves you as a construction worke notify the ivanance company of his change in Gezuputiom in the event of a cuina, the innance company will NOST kely: OA pary Owsbrity fathe Same on what the premium cand wracid brave puratat in coverage in a construction worker pay a higher Bowlity berait amount as the inanmeh higher coming out the copolyn OC tay the ability ferramenta stated in the guilty dute guy the claim since the insurance company was at aotifler of the inmedts chongs in occupation