The Substance of a Contract May Have a Variety of

question 103

Multiple Choice

The substance of a contract may have a variety of

• A)statutes.
• B)forms.
• C)parties.
• D)attributes.
• E)beneficiaries.

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Definitions:

Insurer

A company or entity that provides insurance policies to protect against financial losses.

Deductible

A fixed dollar amount that must be paid by the insured before additional expenses are covered by an insurer.

Liability Insurance

A type of insurance that covers injuries caused by the insured or injuries that occurred on the insured’s property.

Insured

Covered by insurance, offering protection against financial loss or damage.