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Which of the Following Statements About Consideration in an Insurance

question 4

Multiple Choice

Which of the following statements about consideration in an insurance contract is (are) true?
I.The insured's total consideration is submission of a completed application.
II.The insurer's consideration is the promise to do those things specified in the policy.

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Definitions:

Air-over-hydraulic Brake System

A brake system that uses air pressure to actuate hydraulic brakes, combining elements of both air and hydraulic braking systems.

Pressure Bleeder

A device used in hydraulic systems to remove air bubbles by applying pressure to the fluid, ensuring proper operation and performance.

Maximum Air System Pressure

The highest pressure that an air system can safely operate at, typically measured in pounds per square inch (psi) or bar.

Lateral Rotor Runout

A condition where a brake rotor is not perfectly aligned on its axis, causing uneven brake pad wear and potential vibration during braking.

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