Multiple Choice
An insurance contract is NOT considered to be an illegal form of "wagering" because
A) one must have an insurable interest in the person being insured.
B) insurance contracts are underwritten by reputable companies.
C) insurance activities are regulated by the state department of insurance.
D) the money being paid out comes from premiums collected over time.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Marcy and Elliot are both sophisticated merchants
Q36: An exculpatory clause is generally unenforceable when<br>A)it
Q37: Wendell,new to the area,selects a doctor from
Q38: Asher buys a linen suit from Miriam
Q39: Cynthia and Brian were friends.Brian was a
Q41: Which of the following relationships generally fails
Q42: A contract may violate public policy even
Q43: The Tavern's secret recipe for its pizza
Q44: A national bank based in New York
Q45: In bailment cases,exculpatory clauses<br>A)are very rarely used.<br>B)are