Contracts of Insurance Contain Statutory Terms Which Require, for Example

question 8

Essay

Contracts of insurance contain statutory terms which require, for example, that the insured give prompt notice to the insurer of any loss suffered by the insured. If the insured fails to meet such terms, what effect does it have on the contract of insurance?

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Definitions:

Fayetteville

A city in North Carolina, known for its historic importance and military installations.

Japanese-American Internment

The forced relocation and incarceration in camps of about 120,000 Japanese Americans and Japanese residents living on the Pacific Coast of the United States during World War II by order of the U.S. government.

Manhattan Project

A secret U.S. government research project during World War II that developed the first nuclear weapons.

Bald Tires

Tires that have lost their tread, reducing traction and increasing the risk of accidents, especially in wet conditions.