Want to know:
Insurance policies are considered aleatory contracts because:-they are take it or leave it contract-both parties consent to the contract-performance is conditioned upon a future occurrence-contract is voidable upon proof of fraud
Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.
Get the Answer for FreeHow StudyFetch Helps You Master This Topic
AI-Powered Answers
Get instant, detailed explanations powered by AI that understands your course material.
Deep Understanding
Go beyond surface-level answers with step-by-step breakdowns and examples.
Personalized Learning
Spark.E adapts to your learning style and helps you connect ideas.
Practice & Test
Turn any question into flashcards, quizzes, and practice tests to solidify your knowledge.
Explore More Questions
- Joe Brown is awarded a contract to install an air conditioning system at the premises of a local bar owned by Jim Smith. During the time work is being done, a major fire occurs overnight and destroys $50,000 worth of the insured's (Joe Brown's) property located at Jim Smith's bar. This loss is best covered by a:Choose one answer. a. Commercial Property Building and Personal Property Form b. Some form of Crime Insurance c. Installation Floater d. Contract Bond
- Is life insurance subject to state or federal tax?
- Group life insurance plans may be sponsored by employers, _____________, credit unions, ________ and any other organization formed for a reason other than ________