How Does an Insurance Contract Differ from an Ordinary Business

question 48

Multiple Choice

How does an insurance contract differ from an ordinary business contract?

• A)There is uncertainty that could result in either a gain or a loss.
• B)Both parties believe that the contractual price and the value of the contractual goods are equivalent.
• C)The insured will receive a sum of money on the occurrence of an event which must occur at some time,although the time of the occurrence is uncertain.
• D)One party knows that they are paying a price far less than the value provided by the other party and that the other party will only have to perform if certain conditions are met.

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Definitions:

Psychotherapy

A therapeutic method involving verbal communication between a healthcare provider and a patient to treat mental and emotional disorders.

Mental Health Promotion

Activities or strategies designed to enhance well-being and prevent mental disorders.

Mental Disorder

A condition characterized by alterations in thinking, mood, or behavior associated with distress and/or impaired functioning.

Indicated Prevention Programs

Initiatives designed to prevent the development of disorders in individuals who are identified as having early signs of a condition but do not yet meet diagnostic criteria.