Compare: Gambling and Insurance.
A) Gambling and Insurance, Both, are the Same.
B) Gambling has No Insurable Interest involved, but Insurance does have.
C) Insurance has Only Profitable Outcomes, while, Gambling could result in Losses.
D) Gambling is Legally Enforceable, but, Insurance is Not.
Correct Answer:
Verified
Q15: Mr. Kapil had taken Insurance-Cover of Rupees
Q16: Why Do, Insurers need Material Information?
A)For Documentation
Q17: Which Element of a Valid Contract, relates
Q18: Identify the Choice, which relates to In-Accurate
Q19: Identify the Option, that can be treated
Q21: Summarise "Contracts of Adhesion", for us.
A)These Contracts
Q22: Mr. Ramesh fudges His Company Balance-Sheet, Before
Q23: What is the Subject-Matter of Life Assurance?
A)Premium
B)Human
Q24: Select a Scenario, that showcases the Principle
Q25: In Relation to Life Assurance, Look at
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