The Johnsons Change Their Life Insurance Coverage Harry and Belinda Johnson spend $20 per month on life insurance in the form of a premium on a $10,000, paid-at-65 cash-value policy on Harry that his parents bought for him years ago. Belinda has a group term i-surance policy from her employer with a face amount of $200,000. By choosing a group life insurance plan from his menu of employee benefits, Harry now has $100,000 of group term life insurance. Harry and Belinda have decided that, because they have no children, they could reduce their life insurance needs by protecting one another's income for only four years, assuming the survivor would be able to fend for himself or herself after that time. They also realize that their savings fund is so low that it would have no bearing on their life insurance needs. Harry and Belinda are basing their calculations on a projected 4 percent rate of return after taxes and inflation. They also estimate the following expenses: $15,000 for final expenses, $20,000 for readjustment expenses,

and $5,000 for repayment of short-term debts.

Requirement:

(a) Should the $3,000 interest earnings from Harry's trust fund be included in his annual income for the purposes of calculating the likely dollar loss if he were to die? (See the discussions about the Johnsons in Chapter 1 beginning on page 34.) Explain your response.

(b) Based on your response to the previous question, how much more life insurance does Harry need? Use the Run the Numbers worksheet on page 366 to arrive at your answer.

(c) Repeat the calculations to arrive at the additional life insurance needed on Belinda's life.

(d) How might the Johnsons most economically meet any additional life insurance needs you have determined they may have?

e) In addition to their life insurance planning, how might the Johnsons begin to prepare for their retirement years?

Jim and Tom enter into a contract in which Jim will tutor Tom's daughter Kelly. Check the true statements (check all that apply). Jim can enforce the contract against Tom Kelly is a third party beneficiary Jim can enforce the contract against Kelly Jim and Kelly are in privity of contract Jim and Tom are in privity of contract Kelly can enforce the contract against Jim Tom is a third party beneficiaryW WordCounter - Count Ward : G henn ofhitions - Googles : |0 Assignment db Paper C) Chopp The Lom of Fenkho X creader.chegg conW/bockw/978156783879Vcf /3/241/4/21402/3405:0 The pistons aproc the techalgod employed by defendant was proper, The sole basis for spending the export testimony would support a finding of sprite negligence is that the berve was injured during nitraction, Where an if orp may over dople the car. s finding of negligent onrol be pinlasted only on the fact it dil sits. Phin ill also maimains there is evidence of repligence from the fact this is beast of injury to a partof the bady not involved in the brcomment. However, that is not in. The surgical procedure did include foraction of the sissend column. It was very much in the surgical field. Third overt did are er in dingding a verdict for defendant on the issue of spotify mepigend. IL. Hes is loquite. Pontiff also alleges the appliability of the doctrine of res ipsi kopisir. Our mail recent adelmel of the doctrine appear in [a 1973eve]: Linder the destring of res ipso inquiter, where (10) injury or damage is cured by an instrumentality under the reclusive control of defendant and (2) the occurrence is rach in is to ordinary course of things would not happen if reasonable care had been med, the happening of the injury pormia, but does not compel, in inference deferalant was negligent. A The coaltest in this case consens presence of the second foundation fan [ from the quoted paragnight. Belowfart argues the wound fondation fact for pes ipss kqubar is shunt because i does not Sic in the common growledge of bymen to may injury to be larynged fever does not opour if du care is cursived in antomar appris thcervical fusion surgery. We must initially decide what his previously been an open question in this jurisdiction may the common expatend in establish the soold boundation fact for its por loqolfor be shown by expert testimony? In the qual cast the basis of pad experience from which this conclusion may be drewn is common to the community, and ba matter of general know badge, which he court neonizes on much the some bash as well likes judicial notice of But which everyone knows. It may, however, be supplied by the evidence of the parties; find expert testimony that much in event mally does not occur without negligence may send a sollicien. heis for the internet In thi cos, how it, even oumakering the expert testimony. the record at best only suppens an inference | that plaintiff suffered an extremely sure injury in anterior approach corsied fusion surgery which They ofour even when due care in exercised Kirity of the commence is not a sufficical predicte for application of new ipsi loqutor.... There is in his in the prestill case, in expert testimony or otherwise, for airing plaintill's injury is more White the result of regligence then you guy for which the defendant is roof meyersible We do not belief there was ary basis in this one for submission of reps boquot Trial can doif not er in Raining in summit it. IV. Billkey or trespass Plaintiff onlends there was also bulletcil evidence to submit the are to the jury on the theory of ballery or trespass. In effect, she illeges the comened to minion of two serieless timeusal of mahone protraded dark thinking that would by a separate opention skitional vertebrae had to be fined. Boy sens for fact four worthen wort lined combined with defendant's assurances and follows to won her of specific Defendant teaified plaintiff win fully advised is in the nature of her problem and the scope of corrective surgery. He acknowledges he did not advice her of the band of vocal chord fairy paralysis. He believed the posibility of wich onmince was puligible and cerweighed by the danger of man apprehension if waming of the risk was chan Aa 40 OW WordCounter - Count Ward : | G hogs sofritome - Coughs : |0 Assignment db Paper @ Tools Augment 19 --.. K ) Chopp: The Low of Healthon & C ereader.chegg.comW/bockw/978156783879Vcf/3/241/4/21400,2/6/2/2/20 0:0 A The Court Decides E Perin r. Hams 210 .W.2d 609 (Towa 1975) a Mccormick, J. This w s appeal froms directed umlief for doctor in a malpractice action: We affirm. The claim ance from an interior approach corsical fusion performed on plaintiff Done Peria by Aciculaat Robert A. Hayne.. The fusion was socereal in claninting pain, wridages and numbness in plaintiff's back. reck, riptiam and had caused by two protruded cervical dia. but plaintiff alleged she suffered paralysis of a vocal chord Tokey because of bjorg to the right recomend baranged serve during surgery.... The injury redial A her vous: be a heart whimper. She sought damage on four throring ypsife negligence, me loan loquner, breach of capress warranty and befury of tresoon After both parties had rested, the ind sport swished defendants motion for directed wordet. holling to my drive imulliient to support jury mudending of the cake in any of to packed tories Plaintiff enigma thinning is one. We must moore nitch of the pleaded homes for romary in the light of appleinhis law and he evidence. I. Specife negligence. Plaintiff allers there was willicient evidence to support jury submission of her charge [hil defenden maligently caler injured the munch leyaged nave Plain That preinled does it the level of the lith and sap cervical inimport, The purpose of surgery was to reinget the provided disco pad foot the ertybest with bone douche bom hot hip. Memoved of 1 do much the pinching of the serve inthe spinal endumn which choice he patient's pin. The for sapplanis the dis The procedure involves an lacksion in the front of the most of one side of the midlineof a level siplily below the "Adam's apple." Four crime ne high the pick The vendore and spinil gard are in the axial of bone andumm il the rear. In enter to get to the mial column the porchm must meet the vikx il colonn which lies in front of it. The visceral color, like the vecube columns on each tale of il, is control with a protective filers The maroon does not euler the vacend column during the cervical fusion procedure, The same plung which cicbles the mack or be tuned cashiers the visceral column bu be writacted in one side to permit access to the asial odunn The reinstion is accomplished by ing a gauze prided ncurator specifically designed for retraction of the vissend columns during the surgery. The mol shows he defendmined this pointhire in the present cost. Plaintiff was under general inewhelic. The inesthesia record is mind, and there is to evilone of my innand resume during simpry. Defendant denied any possibility the fargogoal nerve was proved He sold i could not be sevend inka the visual ficio was mianed, and i was not, He aloe beligerd it would be Impossi to over the corey during with Defeatant peuified he did and love the cause of the injury hat presumed it resulted from cmission of the nerve locklent to mination of the viascend camp. He thought plaintiff's faryspeed weave may have been peculiarly wisepillly to wich injury. lie inasiand tim surgery was done and as it always was and if le were doing it again to would do at the some way ihe said one maly how shemen the surgery will result in paralysis of a vocal chord foie two or three-mika of ine portent of cies in which it used. He ike and there is moe win to prided is piremil such insurers. In omailering the propriety of the menlis directed for defmaland we phe the evidence sipponting phistiff's claim the mod bromide cieraction it said morally bear We mogais done powible memm to evablich pivinc negligence of s physician. Com in fromgo espal testimony, the specal finnish coltonge showing [hail the physician's lack of can nowobvious as to by within Comprehension of the syrian, and the third factualy in communion of the soomill evidence that the physician injured a part off the body not involved in the localment. The find meant in the nile and the ochen inc exceptions to Plaintiff alleges the largeped nine was oil gintly out of injured. The ned is devoid of any evidence its fame was spunal during meparty... in injury may off dapie dur oates finding of me liponot onrot be prodvated misty on the fret B did coeur. 171 AaQuestion Completion Status: Moving to the next question prevents changes to this answer. Question 38 A third-party beneficiary is one which does not have privity of contract, but is known to the contracting parties and intended to benefit under the contract. has failed to establish legal standing before the court. may establish legal standing before the court after a contract has been consummated. O does not have privity of contract and is unknown to the contracting parties. Moving to the next question prevents changes to this answer. 20 888 F1 F2 20 FS FT A # % & LA 2 3 4 5 6 8 Q W E R T Y U A S D F G H