You've Just Signed a Document for an Insurance Settlement,and You

question 8

Multiple Choice

You've just signed a document for an insurance settlement,and you need to mail it back to the insurance company.However,you want to keep an electronic copy of it for yourself.Which device would best help you do this?

• A) Webcam
• B) Scanner
• C) Keyboard
• D) Camera

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Definitions:

Past Consideration

A term in contract law meaning that an act done before a contract is made is not good consideration for the contract.

Sales Contract

A legal agreement between a buyer and a seller detailing the terms and conditions of a sale of goods or services.

Equitable Exchange

A transaction in which goods, services, or assets are traded based on fairness and balance in value.

Irrevocable Oral Promise

A spoken commitment that cannot be canceled or revoked, legally binding under specific circumstances.