Which One of the Following Is True Concerning Consideration in Property

question 14

Multiple Choice

Which one of the following is true concerning consideration in property insurance?

• A)dollars must change hands from the insured to the insurer before a contract exists
• B)the only valid consideration is cash payment of all premiums in full
• C)abiding by the contractual language and paying the premium is the consideration the insured provides
• D)if the premium is not paid at the time of a loss, the insured is given a 30 day grace period to pay

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Definitions:

Atrial Natriuretic Peptide

A hormone produced by the heart's atrial cells that regulates blood pressure and fluid balance by reducing sodium reabsorption in the kidneys.

Sodium Excretion

Sodium excretion involves the process by which the kidneys remove excess sodium ions from the body, a critical function for maintaining electrolyte balance and blood pressure.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, often measured for diagnostic purposes.

Strange Situation

Ainsworth’s observational measure of infant attachment to a caregiver, which requires the infant to move through a series of introductions, separations, and reunions with the caregiver and an adult stranger in a prescribed order.