Which of the following terms indicates that a life insurance contract contains the enforceable promises of only one party?
A) Aleatory
B) Conditional
C) Unilateral
D) Adhesion"
Answer: C) Unilateral
You might also like to view...
What is considered the best way to build a sustainable competitive advantage using product excellence?
A) being the first to offer customers desired features, even if competitors can copy them easily B) positioning the product using a clear, distinctive, desirable brand image C) having the most features on each model D) focusing on being cutting edge and continually eliminating older features that are still in use by customers E) copying the market leader's features, but at a lower cost
Mary is planning to form a corporation to manufacture and distribute electric solar panels. She
will sell the panels only in the Rocky Mountain states. These panels will be manufactured at two factories, one in Illinois and one in Florida. The headquarters of this company will be in Louisiana. In which state(s) could Mary incorporate this business? A) Louisiana or any state in which the products are sold B) Florida, Illinois, or Louisiana C) Any of the fifty states D) Florida, Illinois, Louisiana, or any state in which the products are sold E) Louisiana only