Suzy Tomlinson, 74, met a tragic end - she drowned, fully-clothed, in her bathtub after a night

Question:

Suzy Tomlinson, 74, met a tragic end - she drowned, fully-clothed, in her bathtub after a night out partying with 36 year old J.B. Carlson. He had taken her home at 1 a.m. and was the last person to see her alive. The two were not only party buddies, Suzy was on the board of directors of a company J.B. had started. Her family was stunned to find out that she had a $15 million life insurance policy, with the proceeds payable to a company J.B. controlled. He said it was a key man policy. He wanted to protect the company if she died because she had frequently introduced him to potential investors. Is the life insurance policy valid?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction to Business Law

ISBN: 978-1285860398

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

Question Posted: