If an Insurer Wants to Void a Contract It Has

question 53

Multiple Choice

If an insurer wants to void a contract it has issued to a person in reliance upon the information she provided, it must prove that what she misrepresented was "material." That is, the insurer must prove that:

• A)the information was incorrect, even though it was not relevant to the contract.
• B)the information was incomplete, but complete knowledge would not result in any change in the contract.
• C)the information was so important that if the truth had been known, the underwriter would not have made the contract.
• D)the information was incorrect and get evidence for it.
• E)the information provided was incorrect but unintentional.

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged, to be enforceable.

Lease Term

The duration of a lease agreement, specifying the start and end dates of the tenancy.

Tenancy at Sufferance

A situation where a tenant continues to occupy the property after the lease term has ended, without the express permission of the landlord.

Holdover Tenant

A tenant who continues to occupy property after the expiration of their lease, without the landlord's express permission.