The Failure by an Applicant to Disclose Material Facts That

question 70

Multiple Choice

The failure by an applicant to disclose material facts that an insurer does not know but has a right to know is called:

• A) misrepresentation.
• B) concealment.
• C) waiver.
• D) fidelity.

Recognize situations that fall outside the statute of frauds concerning promises in consideration of marriage.

Assess the role of electronic agents in the formation of electronic contracts under E-Sign.

Understand the fundamental concepts of assignments and delegations in contract law.

Recognize the rights and obligations of third parties in contract assignments.

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Definitions:

Thinning

The process of reducing density or volume, often referenced in contexts like hair loss or material treatment.

Conservation Efforts

Actions and initiatives aimed at protecting the natural environment and preserving endangered species and habitats.

Color

The characteristic of visual perception described through hues, saturation, and brightness, which results from the way an object reflects or emits light.