Post Utme Futo 2021 Commerce Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Futo Commerce examination.

Post Utme Futo 2021 Commerce Objective / Multiple Choice
Question 19 POST_UTME_FUTO • 2021 • COMMERCE • objective

A consumer purchases a life insurance policy and pays premiums for several years. However, the consumer dies before the policy matures and the insurance company refuses to pay the death benefit. The consumer's estate sues the insurance company for breach of contract. Which of the following is the most likely outcome of the lawsuit?

Answer Options

Correct Answer A. The insurance company is found liable for breach of contract and must pay the death benefit
B. The consumer's estate is found liable for non-payment of premiums and must pay the insurance company
C. The lawsuit is dismissed due to lack of evidence
D. The insurance company is found not liable for breach of contract and the consumer's estate must pay the insurance company's legal fees
Correct Answer
A
Correct Option:
The insurance company is found liable for breach of contract and must pay the death benefit

About This Question

This is Post Utme Futo 2021 Commerce Question 19. It is one of the objective questions from the 2021 Post Utme Futo Commerce examination.

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