Which of the Following Is a Sufficient Condition for Courts

question 54

Multiple Choice

Which of the following is a sufficient condition for courts to allow reformation in a written insurance policy?

• A)The insurer's misunderstanding about a contract term
• B)The insured's misunderstanding about a contract term
• C)A fraud committed by the insurer
• D)An increase in the market value of the insured property

Understand the basic principles and organizations involved in international trade.

Identify the reasons and methods for imposing quotas, tariffs, and other trade barriers.

Recognize the importance of small and medium enterprises (SMEs) in international business.

Explain the concepts of balance of trade and how it affects a country's economy.

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Definitions:

Reflective Thought

A careful consideration and analysis of one's own thoughts and feelings, often as a part of the decision-making process or for self-improvement.

Subconsciously

Pertaining to thoughts, feelings, or actions that occur without conscious awareness, influencing behaviors and decisions.

Institutional Adaptation

The process by which institutions evolve and adjust to changes in their environment, maintaining or enhancing their functionality.

Structural Adaptation

The process by which an organization changes its structure to respond to external or internal pressures.