home / study / business / operations management / operations management questions and answers / CASE ANALYSIS #2 BUSINESS LAW Rockland Trust Lent $350,000 To Peter Johnson Under A Personal ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: CASE ANALYSIS #2 BUSINESS LAW Rockland Trust lent $350,000 to Peter Johnson under a personal loan... CASE ANALYSIS #2 BUSINESS LAW Rockland Trust lent $350,000 to Peter Johnson under a personal loan. The loan payments were to be made for sixty months. Additionally, as part of the loan agreement, Rockland required Johnson to obtain and maintain a $400,000 life insurance policy for the term of the loan and to name Rockland Trust as beneficiary. Though Johnson continued to make his loan payments, he stopped paying for the life insurance policy. Rockland paid Johnsons monthly payment on the life insurance and added that amount to what Johnson owed. Johnson died and the life insurance company refused to pay the $400,000 life insurance policy to Rockland Trust. Rockland then sued the life insurance company. What is the probable outcome of the lawsuit? Use legal theories and the facts to support your answer. Based on the Issue identified, provide an argument for Life Insurance Company using specific facts of the case and the relevant legal theory to support it. 10 points 4. Based on the facts given, and what you know about the legal issues involved, how would the court decide the case? In favor of Rockland Trust or the Life Insurance Company?