Question

Bret is convicted of arson for burning down his warehouse to collect the insurance. On an application for insurance from Cover-All Insurance Company on a new building, in answer to a question about prior convictions, Bret does not disclose his conviction. This makes the contract

Answer 1

Answer:

voidable

Explanation:

The decision to not disclose the full information makes the contract voidable. Every contract has a point where the parties have to make sure that all the information they are providing is correct and complete. Bret tried to hide information regarding previous conviction which makes the contract voidable. Voidable contract means one party can terminate or end the contract.