Examlex

Solved

A Person Who Was Legally Insane at the Time of Entering

question 14

True/False

A person who was legally insane at the time of entering a contract is relieved of his or her duties from the contract.


Definitions:

Direct Method

A straightforward approach in financial statements or communication where costs or benefits are presented explicitly without adjustments.

Fire Insurance

A type of property insurance that covers damage and losses caused by fire.

Claims Adjuster

A professional responsible for assessing insurance claims to determine the insurer's liability by investigating, analyzing, and evaluating the damage or loss.

Comprehensive Policy

A policy that covers a wide range of aspects, issues, or elements, ensuring that all possible scenarios are addressed.

Related Questions