Since the Relationship Between the Insurer and the Insured Is

question 6

Multiple Choice

Since the relationship between the insurer and the insured is contractual in nature,the parties must fulfill all elements of:

• A)a quasi-contract.
• B)an indemnity.
• C)a wager.
• D)a binding contract.

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Definitions:

FOB Shipping Point

A shipping term indicating that the buyer assumes ownership and responsibility for goods once they are shipped, and must pay for shipping costs.