I think my main question/concern really relates to the formation of a product that is listed as "reacting with water" after the combination of two aqueous solutions.
For example, both sodium iodide (NaI) and iron(III) chloride (FeCl3) form aqueous solutions. When combined, the expected products from double replacement would be sodium chloride (NaCl) and iron(III) iodide (FeI3). Equation something like this (Where the ? indicates the root of my question):
$$\ce{3 NaI (aq) + FeCl3 (aq) -> 3 NaCl (aq) + FeI3 (?) }$$
Now, FeI3 is listed as "reacting with water" for its solubility. Does this mean that FeI3 is, in fact, not produced, but rather begins decomposing into iron(II) iodide (FeI2) and elemental iodine (I2)? Or do we get some form of iron compound with an iodine oxyanion like Fe(IO3)3 and hydrogen gas (H2)?
And in either case, would this reaction be said to take place or not? I'm not really sure what my end goal is here, I just don't understand how an ionic compound that might be formed from aqueous solutions will behave in "reacting with water" considering its surrounded by water from the two aqueous solutions.
Thanks in advance for the help!