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Author Question: A contract in which the values exchanged are not equal because chance is involved is called a(n) ... (Read 110 times)

bcretired

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on: Jul 11, 2018
A contract in which the values exchanged are not equal because chance is involved is called a(n)
 
  A) contract of adhesion.
  B) unilateral contract.
  C) conditional contract.
  D) aleatory contract.

Question 2

What is the practical effect of an insurance contract being a contract of adhesion?
 
  A) The insurer can refuse to pay claims if the insured has not complied with all policy provisions.
  B) The insured can assign the policy only with the insurer's consent.
  C) The insurer can sue the insured for failure to pay any premiums.
  D) The policy is interpreted in the insured's favor if the policy contains any ambiguities or uncertainties.


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Ptupou85

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: D


bcretired

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Reply #2 on: Jul 11, 2018
Thank you :)


Ptupou85

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Reply #3 on: Jul 11, 2018
Happy to help you


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