When One Refrains or Promises to Refrain from Doing Something

question 9

Multiple Choice

When one refrains or promises to refrain from doing something, this conduct is known as .

• A)duress
• B)forbearance
• C)negligence
• D)disaffirmation

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Definitions:

Straight-life Policy

A type of life insurance policy that provides coverage for the policyholder's entire lifetime, with fixed premiums and no expiration.

Maximum Loan

The highest amount of money that a lender agrees to lend to a borrower under specific terms.

Annual Premiums

Regular payments made yearly to an insurance company for coverage.

Endowment Policy

A life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.