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.

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Definitions:

External Recruitment

The process of filling job vacancies within an organization by hiring individuals from outside the organization.

Fresh Perspectives

New, innovative viewpoints brought into an issue, project, or discussion.

Specialised Expertise

Refers to knowledge or skills in a specific niche or area that sets individuals or companies apart from others in their field.

Human Resource Specialists

Professionals responsible for managing an organization's human capital, including recruitment, training, and employee relations.