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Question
Lane mails a $600 check for his $50,000 home policy with Surround Insurance Co., two months late. Surround cashes the check. Two weeks later, the house is destroyed by fire. When Lane attempts to collect the $50,000 in policy proceeds, Surround asserts that the policy had lapsed and offers to refund the $600 payment. Discuss the legal rights and obligations of Lane and Surround Insurance Co.
Answer
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Related questions
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