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Mr. Jiminez wants his 16 year old son to buy a life insurance policy as an investment for college. ...

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Mr. Jiminez wants his 16 year old son to buy a life insurance policy as an investment for college. ...

Mr. Jiminez wants his 16 year old son to buy a life insurance policy as an investment for college. He asks you if it is legal for a minor child to purchase and own life insurance. You correctly respond by saying:
A) minors never have capacity to enter contracts
B) minors always have capacity to enter contracts
C) the courts have ruled that it is illegal for minors to purchase life insurance
D) the courts have ruled both ways on minors' ability to own life insurance

Textbook

Introduction to Risk Management and Insurance

Edition: 10^th

Authors: Dorfman, Cather

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giddu

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More solutions for this book are available here

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medulla Author

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Smart ... Thanks!

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This calls for a celebration Person Raising Both Hands in Celebration

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Thank you, thank you, thank you!

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