Professor Benjamin, a professor at Valencia, knew a colleague who was suffering from cancer Professor Benjamin applied for life insurance on the colleague's life and named herself as beneficiary Because of a similarity in the names of the professor and the colleague, an error was made and the policy was issued The professor also sold his car to the dean When the dean drove away, it was clear that the dean was an extremely reckless driver. The professor decided not to cancel his property insurance policy that he had maintained on the vehicle that he sold to the dean. Shortly thereafter, the colleague died and the dean demolished the car. The professor applied for insurance benefits under both policies and each of the insurers resisted payment. Using IRAC Decide both cases Margo Jones lived a long life and unfortunatley died at age 100, leaving a will that she made at age 50. the will provided that her three children would share her estate equally. At the time of her death, only one child, Elise, was living. Margo's two deceased children, each had two children who were living at the time of Margo's death. Elise is claiming that she is entitled to the entire estate because the bequests to siblings lapsed upon their deaths prior to Margo's death. Required:
Using IRAC to determine if Margo entitled to the entire estate.