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lenga012 lenga012
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6 years ago
Leighton wants to buy a new car. He goes to the bank to get a loan for the purchase, and signs an agreement to pay 10.00 per month in premiums on a term life insurance policy which names the bank as the recipient of the policy proceeds in the event of his death before the loan is repaid. The bank is a(n):
 A) incidental beneficiary.
  B) creditor beneficiary.
  C) donee beneficiary.
  D) assignee.
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jdbreijdbrei
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6 years ago
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lenga012 Author
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6 years ago
Smart ... Thanks!
jodie1
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Yesterday
Thanks for your help!!
ediblefruitz
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2 hours ago
You make an excellent tutor!
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