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
Answer: B
Business
You might also like to view...
Sometimes, __________ behave like adjectives, especially in complex technical phrases
a. adverbs b. nouns c. verbs d. prepositions
Business
When you borrow someone's car and wreck it, you have the option of letting your automobile insurance pay on a primary basis for the accident
Indicate whether the statement is true or false
Business