On-Demand Service Companies Collect a Fee from Both Sellers and Buyers

question 36

True/False

On-demand service companies collect a fee from both sellers and buyers who use the platform.

---

Definitions:

Insurable Interest

A stake in the value of an entity or event for which an insurance policy is purchased to mitigate the risk of loss.

Risk of Loss

Refers to the legal responsibility for the damage, destruction, or loss of property, determining which party bears the risk.

Unconscionable

A term used to describe actions or terms in a contract that are so unfair or oppressive to one party that they are considered shocking to the moral conscience.

Contract Provision

A contract provision is a clause within a contract that specifies an agreement, obligation, or condition between the parties involved.