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If You Have to Turn Down a Customer's Claim, Which

question 20

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If you have to turn down a customer's claim, which of the following is the best approach to use to maintain goodwill?


Definitions:

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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