The principle of insurable interest is important because it:
A) makes insurance companies more profitable
B) supports the principle of indemnity
C) prevents insurers from unfairly denying insurance claims
D) prevents an insurer from subrogating against a negligent third party
B
Business
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The difference between "lie" and "lay" is that "lie" is an intransitive verb and "lay" is a transitive verb
Indicate whether the statement is true or false.
Business
Which of the following statements is true of a legal offer?
A) The offer must be communicated to the party intended by the offeror. B) Industry custom and prior dealings are irrelevant when determining whether the terms of the offer are definite. C) Courts consider what was in the person's mind when entering the contract. D) The contractual process ends with the legal offer.
Business