Contracts of insurance are enforceable because
A) they are in writing and of a standard form.
B) they are contracts of indemnity and are therefore enforceable.
C) the insured has an insurable interest in that he will suffer some pecuniary detriment from the loss or destruction of the property.
D) they are always under seal and therefore cannot be either illegal or void.
E) they are in the nature of wagering and such contracts are enforceable.
Correct Answer:
Verified
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