Question $29$

$1$ pts

Bart is convicted of arson for burning down his warehouse to collect on the insurance. On an application for insurance on a new building, in answer to a question about prior convictions, Bar does not disclose his arson conviction. This makes the insurance contract

binding because the statement is immaterial to the decision of the insurance compan to offer insurance coverage binding due to the failure of the insurance company to discover Bart's conviction

voidble on the part of the insurance company because the false statement is material to the decision to issue a policy

Voidable at the option of Bart because the question is immterial to the decision to issue coverage