Bret Is Convicted of Arson for Burning Down His Warehouse

Bret is convicted of arson for burning down his warehouse to collect the in?surance.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 convic?tion.This makes the contract

A) binding because the omission is immaterial to Cover-All's decision to issue coverage.
B) binding due to Cover-All's failure to discover Bret's conviction.
C) voidable by Bret because the omission is immaterial to Cover-All's decision to issue coverage.
D) voidable by Cover-All because the omission is material to its decision to issue coverage.

Correct Answer:

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