This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about consideration in an insurance contract is (are) true? I. ... (Read 30 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: Jul 11, 2018
Which of the following statements about consideration in an insurance contract is (are) true?
 
  I. The insured's total consideration is submission of a completed application.
  II. The insurer's consideration is the promise to do those things specified in the policy.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

David owns a liquor store in a high-crime area. In order to obtain a reduced insurance premium, David promised to have a burglar alarm operating at the store when the store was closed.
 
  This agreement, which was incorporated into the insurance contract, is an example of a
  A) representation.
  B) binder.
  C) rider.
  D) warranty.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


mspears3

  • Member
  • Posts: 586
Reply 2 on: Jul 11, 2018
Excellent

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
True Dover Sole True Dover Sole
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
5. Social contract theorists believe that the social contract is/was a historical fact. ... 5. Social contract theorists believe that the social contract is/was a historical fact. ...
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library