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Hilda signs a contract with an Indemnity Insurance Company that intentionally confers a benefit on Hilda’s...

Hilda signs a contract with an Indemnity Insurance Company that intentionally confers a benefit on Hilda’s daughter Jackie as the designated beneficiary. Jackie’s rights under the contract will vest.

A. if Indemnity attempts to modify the terms of the contract.

B. on the occurrence of the event for which the insurance was procured.

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Expert Solution

B. on the occurrence of the event for which the insurance was procured.

If Hilda’s daughter is a designated beneficiary, then her daughter, Jackie, is to receive the benefits under the Insurance Policy when such an even occurs for which Hilda has bought the policy under the contract. This shall not change the original policy at all even if Indemnity attempts to modify the terms of the contract because one-sided modifications does not lead to a binding contract. The offer of the contract with the modifications needs to be accepted by Hilda to make it a valid contract. Here, in the absence of the same, it shall be considered only on the occurrence of the event that the benefit shall be passed to Hilda.

keosha answered 2 years ago
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