If there is ambiguity in an insurance contract, it is construed in favor of the insured because of which legal characteristics of insurance contracts?

(a) principle of indemnity
(b) contract of adhesion
(c) aleatory contracts
(d) doctrine of concealment

Ans: (b) contract of adhesion

Business

You might also like to view...

The accounts receivable turnover for 2016 is:

A) 10.0 B) 8.33 C) 5.2 D) 4.33

View
Business

Demand forecasts serve as inputs to financial, marketing, and personnel planning

Indicate whether the statement is true or false

View
Business