Commercial Law, 2012 Bar — Question 34

MULTIPLE CHOICE

X, a minor, contracted an insurance on his own life. Which statement is most accurate? A) the life insurance policy is void ab 1'n1't1'o. B) the life insurance is valid provided it is with the consent of the beneficiary. C) the life insurance policy is valid provided the beneficiary is his estate or his parents, or spouse or child. D) the life insurance is valid provided the disposition of the proceeds will be subject to the approval of the legal guardian of the minor.

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