A Peril Is a Cause of Loss

question 81

True/False

A peril is a cause of loss.

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Definitions:

Specific Performance

A legal remedy requiring a party to perform their specific duties under a contract, rather than paying damages.

Letter Offering

A letter offering is a formal document or communication extending an offer, such as employment or the purchase of real estate, to someone, detailing the terms of the offer and next steps for acceptance.

Book Collection

An accumulation of books gathered for a specific purpose, interest, or theme, often organized and maintained by an individual or institution.

Accident Insurance

A type of insurance policy that provides compensation or coverage for medical expenses resulting from unexpected injuries or accidents.