Examlex
Which of the following occurs when the insurer or its agent has led the insured into believing that coverage exists and, as a consequence, the insurer cannot later claim that no coverage existed?
Incidental Damages
Compensation for reasonable expenses directly arising from a breach of contract, not including consequential damages.
Purchase Price
The total cost that a buyer spends to acquire a product or service.
Market Price
The present rate at which a service or asset is available for purchase or sale on the market.
Contract Price
The agreed-upon amount of money one party will pay another in exchange for the fulfillment of agreed-upon obligations.
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