Question: Hi can i get help with these please? 3.302 Red purchased a life insurance policy from Ace Insurance Co. naming his wife Bertha as the

Hi can i get help with these please?
Hi can i get help with these please? 3.302 Red purchased a
life insurance policy from Ace Insurance Co. naming his wife Bertha as
the sole beneficiary. In order for Bertha to qualify as a donee

3.302 Red purchased a life insurance policy from Ace Insurance Co. naming his wife Bertha as the sole beneficiary. In order for Bertha to qualify as a donee beneficiary she must a. Have had knowledge of the insurance contract at the time the contract was entered into. b. Be in privity of contract with Ace. c. Have provided consideration. d. Have been the person intended to be benefitted from the life insurance contract. 3.313 Which of the following actions if taken by one party to a contract generally will discharge the performance required of the other party to the contract? a. Material breach of the contract. b. Delay in performance. c. Tender. d. Assignment of rights. 3.314 Ames Construction Co. contracted to build a warehouse for White Corp. The construction specifications required Ames to use Ace lighting fixtures. Inadvertently, Ames installed Perfection lighting fixtures which are of slightly lesser quality than Ace fixtures, but in all other respects meet White's needs. Which of the following statements is correct? a. White's recovery will be limited to monetary damages because Ames' breach of the construction contract was not material. b. White will not be able to recover any damages from Ames because the breach was inadvertent. C. Ames did not breach the construction contract because the Perfection fixtures were substantially as good as the Ace fixtures. d. Ames must install Ace fixtures or White will not be obligated to accept the warehouse

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f