When There Is Ambiguity in the Meaning of a Limitation

question 156

True/False

When there is ambiguity in the meaning of a limitation clause in an insurance contract, the courts defer to the party who drafted the contract.

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Definitions:

Need-Satisfaction

A sales approach focused on identifying and addressing the specific needs of the customer, aiming to provide solutions that satisfy these requirements.

Problem-Solution

A method of critically thinking about and solving issues by identifying a problem and devising one or more solutions.

Storytelling Skills

The ability to engage and convey messages to an audience through narrative, enhancing communication, persuasion, and connection.

Buyer Adversary

A term not commonly used in standard business or marketing contexts to describe a specific concept, hence may not refer to a recognized key term.