Why Are Insurance Contracts Said to Be Contracts of Adhesion

question 8

Multiple Choice

Why are insurance contracts said to be contracts of adhesion?

• A)The values exchanged by the parties to the contract are not equal.
• B)One party writes the contract,and the other party must accept the entire contract as written.
• C)Only one party makes a legally enforceable promise.
• D)Conditions are placed on the insurer's promise to perform.

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Definitions:

Team-oriented

A focus or preference for working collaboratively in groups or teams to achieve common goals.

Autonomous

Having the ability or power to make decisions independently, without external influence or control.

Humane Orientations

Leadership or organizational cultures that prioritize compassionate, ethical, and people-centric values and practices.

GLOBE Studies

Cross-cultural research studies focusing on understanding the impact of culture on leadership and organizational behavior.