True/False
Because an insurance contract is governed by the principles of contract law, for the contract to be binding, consideration must be given.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q37: In the absence of exclusion in a
Q38: Quality Insurance Company issues a business liability
Q39: A creditor generally can reach insurance proceeds
Q40: Dash Delivery wants to procure an insurance
Q41: Chik is injured in an accident caused
Q43: Rob applies to Standard Insurance Company for
Q44: Burgers & Brews Inc. applies for, and
Q45: If an insurer in bad faith denies
Q46: An insurer can cancel, or refuse to
Q47: In most situations, state law determines the