Examlex

Solved

For an Insurance Contract to Be Binding, Consideration in the Form

question 15

True/False

For an insurance contract to be binding, consideration in the form of a premium must be given.


Definitions:

African Americans

A racial or ethnic group in the United States with ancestry from any of the black racial groups of Africa.

Hollywood Films

Movies produced by the major film studios located in the Hollywood district of Los Angeles, known globally for their large-scale production and distribution.

Religion

A social-cultural system of designated behaviors, practices, morals, worldviews, texts, sanctified places, prophecies, ethics, or organizations, that relates humanity to supernatural, transcendental, or spiritual elements.

Unproductive Workers

Employees who do not produce output that significantly contributes to the goals or profitability of their organization.

Related Questions