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Which of the Following Statements About the Personal Articles Floater

question 41

Multiple Choice

Which of the following statements about the Personal Articles Floater is (are) true?
I.It is designed to cover several classes of personal property.
II.Coverage is written on an "open perils" (all-risks) basis.


Definitions:

Misrepresents

The act of providing false, misleading, or incorrect information about a material fact, intentionally or otherwise.

Tort of Deceit

A legal claim arising from intentionally misleading or deceiving another, causing harm or loss.

Quasi-contractual

A legal concept where a court enforces an obligation on parties as if they had entered into a contract, to prevent unjust enrichment.

Necessaries

Essential items required for living, often related to contracts for minors for goods and services essential to their welfare.

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