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    Business
  3. Study Set
    Contemporary Business
  4. Exam
    Exam 37: Personal Property, Bailment, and Insurance
  5. Question
    Insurance Is Defined as a Contract Whereby One Party Undertakes
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Insurance Is Defined as a Contract Whereby One Party Undertakes

Question 153

Question 153

True/False

Insurance is defined as a contract whereby one party undertakes to indemnify another against loss,damage,or liability arising from a contingent or unknown event.

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