A contract of insurance to cover losses caused by the insured's own arson would be illegal and contrary to public policy, and thus unenforceable.Identify the contract requirement that is most like absent.
A) Legal form
B) Legal purpose
C) Offer and acceptance
D) Consideration
E) Competent parties
Correct Answer:
Verified
Q24: If you call a GEICO agent in
Q25: An insurance company suspends an agent, but
Q26: In an agency, the principle creates an
Q27: Identify the policies in which the policyholders
Q28: Identify the law that deals basically with
Q30: In many situations, an agent is able
Q31: The vexing problem of vanishing premiums has
Q32: When you call an insurance agent for
Q33: When an insured specifically requests a certain
Q34: What do we mean when we say
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents