Dyna tell Ed that she will pay him $1,000 to set fire to her store so...

Dyna tell Ed that she will pay him $1,000 to set fire to her store so she can collect under a fire insurance policy. Ed sets fire to the store and Dyna refuses to pay. Ed sues Dyna. Does Ed win. Please explain why or why not.

Expert Solution

Illegal agreements are those agreements which will not be enforced by any of the parties in court of law because the purpose of the agreement is to achieve an illegal end & these illegal end must visit from performance of contract, so this will be non enforceable contract because these are are illegal in nature.

(I am assuming that Ed is aware about the illegal nature of the contract and he has entered into the contract in order to make just the money)

In this case, it can be seen that Diana has entered into an illegal contract for setting her store into fire so she can claim fire insurance policy so, he has performed his part of performance in the contract and Diana has refused to pay but the court of laws will not permit these kind of contract as they have an illegal element associated with them, so even after Ed is suing, it is not enforceable in the court of law and Ed will not be winning because this is an illegal contract which is not enforceable in the court of law.

jeff jeffy answered 2 years ago

Lucy set up a savings fund for her son's education so that she would be able...

Lucy set up a savings fund for her son's education so that she would be able to withdraw $1,775 at the beginning of every month for the next 5 years. The fund earns 4.35% compounded quarterly. a. What amount should she deposit today to allow for the $1,775 periodic withdrawals? $77,923.75 $95,595.71 $95,940.99 $78,771.17 b. How much interest would she earn in this investment? $95,940.99 $10,559.01 $106,500.00 $10,904.29

Linda set up a sinking fund so that can pay off $72,000 in 4 years. she...

Linda set up a sinking fund so that can pay off $72,000 in 4 years. she will make semiannual payment at 14% compounded semiannually payment, at 14% compounded semiannually. in order to prepare sinking fund table you must first find the amount of the regular payment. how much is the pmt?

Amber goes to workout one day and is so into her music that she continues her...

Amber goes to workout one day and is so into her music that she continues her workout for 1 hour without taking a break, leading to extreme muscle fatigue and she can not continue. The next day Amber goes to workout and takes two 15 minute breaks to talk to her friends which allows her to complete a full 2 hour workout. 1. Why was Amber able to work out for a longer amount of time when she took the...

Old Billie is very excited for Letecia, but she is also worried about her. So she...

Old Billie is very excited for Letecia, but she is also worried about her. So she conducts a poll of 400 Avocado Park residents who have gone on a first date in the last month and asks them if they are glad they did. Old Billie has decided that she will stop the date from happening if there is less than a 75% chance that Letecia will be happy. Hadey tells her she is being extra, so she settles on...

the property she needed to be sure this property would serve her purposes. So she performed...

the property she needed to be sure this property would serve her purposes. So she performed market research and investigated the ability to rezone the property. This was going to take about 8 months to accomplish. To prevent anybody else from purchasing the property prior to completing her due diligence, she secured an option on the property. The option cost her $25,000, but it gave her the exclusive right to buy the property for the next 9 months. The option...

Design a structure using primitive material so that 1000W store fire can keep the internal temperature...

Design a structure using primitive material so that 1000W store fire can keep the internal temperature to at least 17°C W/a -40°C outside temperature, of at least 1000ft^2 floor area?

1. Arsema is in her late twenties. She is still single so her consumption behavior is...

1. Arsema is in her late twenties. She is still single so her consumption behavior is different from that of her same-aged friends who have already married and had children. This suggests that ___________________________________. family life cycle is a useful segmentation variable for many types of products segmenting a marketing isn't always helpful for marketers marketers should focus on one variable when performing a segmentation analysis psychographic variables are always the best segmentation variable age and gender always leads to...

Problem Set I 1) Rick’s Toy Store faces the following probability distribution of fire losses in...

Problem Set I 1) Rick’s Toy Store faces the following probability distribution of fire losses in its store over the next year: Probability 0.50 0.40 0.10 Loss $0 $20,000 $70,000 Calculate the expected value and standard deviation of Rick’s losses for the year. Assume that Rick pools his losses with Mark’s store, which has an identical loss distribution. Mark’s losses are independent of Rick’s. Rick and Mark agree to split the total losses in the pool equally. Show the revised...

In her will, your aunt set up a trust that is required to pay you the...

In her will, your aunt set up a trust that is required to pay you the sum of $5,000 a year forever with payments starting immediately. However, the news is better. She has specified that this $5,000 should grow at 5% per year. Given an interest rate of 12%, what is the PV of the inheritance? Please include formulas used. Thanks

Sarah sells tulips at her store and charges her customers $12 per dozen. She sells 20...

Sarah sells tulips at her store and charges her customers $12 per dozen. She sells 20 dozen each day. The tulips that Sarah orders to sell in her store cost $216 total for 240 tulips. Based on this information, the profit total that Sarah would make if she were able to sell all of the tulips, sold in bouquets at $12 per dozen, would be __________.

Question