Issuing a policy in favour charging a lower premium


Question 1: Mr. A, while filling up the insurance application form, states his age as 25 believing it to be true. His actual age was 27. The Life Insurance Corporation issued a policy in his favour charging a lower premium than what it should have charged if the actual age had been given. Is this valid?

Question 2: Mr. A, saw a newspaper advertisement regarding an auction sales of old furniture in Ontario. He booked a flight from Calgary to Ontario and took a cab in Ontario to reach the venue of auction. When he reached there, the auction was cancelled. Can he file suit for damages?

Question 3: P engages B to kill C and borrows $100 from D to pay B. If D is aware of the purpose of the loan, is this valid agreement?

Question 4: A paid $500 to a Government servant to get him a contract for the building cafeteria. The Government servant could not get the contract. Can A recover $500 paid by him to the Government servant?

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Business Law and Ethics: Issuing a policy in favour charging a lower premium
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