Examlex
Which of the following is an element of socialism often found in democratic societies?
Bilateral Contract
A contract in which both parties make promises.
Consideration
In contract law, the mutual promise to exchange benefits and detriments between parties.
Premiums
The amount paid for insurance coverage or the payment above the nominal value of a security when issued.
Inland Marine Insurance
An insurance contract that covers goods that are moved by land carriers such as rail, truck, and airplane.
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