An All Risks Policy Covers All Risks Except Those Specifically

question 11

True/False

An all risks policy covers all risks except those specifically excluded in the policy.

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Definitions:

Offeree

An offeree is a person or entity to whom an offer is made, typically in the context of contracting or other legal agreements.

Employer's Promise

An assurance or guarantee given by an employer to an employee, outlining specific commitments regarding job security, working conditions, or benefits.

Bonus

Additional compensation given to employees as a reward for their performance or as an incentive.

Bilateral Contract

A legal agreement in which each of the parties to the contract makes a promise to the other or undertakes a certain obligation.