Which beneficiary designation is most appropriate for a person who wants to name his spouse as a beneficiary of his life insurance policy and simultaneously retain full policy ownership rights?

Which beneficiary designation is most appropriate for a person who wants to name his spouse as a beneficiary of his life insurance policy and simultaneously retain full policy ownership rights? By naming a beneficiary as irrevocable, that person effectively becomes a co-owner of the policy. In this case, that is not what the policyowner needs. […]

What are benefits of a product?

What are benefits of a product? Product benefits are the things a product offers to satisfy the needs, desires and wants of a consumer. They are what a consumer hopes to get, feel or achieve when he/she uses a product. Product benefits can either be actual or perceived. Perceived benefits include the products popularity, its […]

Can a promise be enforceable without consideration?

Can a promise be enforceable without consideration? Promissory estoppel: Under the “promissory estoppel” doctrine, a promise will be enforceable without consideration if: (1) the promisee acts or forbears in reliance on the promise and (2) this action or forbearance was reasonably foreseeable by the promisor. Under what conditions is there no consideration? Under what situations […]

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