Mr. Ramesh is Married, and wants to buy a Life Assurance Cover on His Friend's Life. Find Out, if He will be Able to do so.
A) Yes, Mr. Ramesh can buy Life Assurance on His Friend's Life.
B) No, Mr. Ramesh cannot buy Life Assurance on His Friend's Life, because, He is Married.
C) No, Mr. Ramesh cannot buy Life Assurance on His Friend's Life, because, there is No Insurable Interest, Present.
D) No, Mr. Ramesh cannot buy Life Assurance on His Friend's Life, because of the Principle of Caveat Emptor.
Correct Answer:
Verified
Q5: The Main Difference between Legal Contracts, in
Q6: Advise Mr. Rajan, on the Point or
Q7: Advise Miss Anita, on the Point or
Q8: Mr. Mahesh takes out an Insurance Policy
Q9: Mr. Rajan fell-off a Horse, and land
Q11: Which One of the Following Bodies, regulates
Q12: Who among the Following, are Not Regulated
Q13: Which One of the Following Statements, is
Q14: What is the Prime Purpose of Insurance-Regulation?
Q15: Which One of the Following Bodies, can
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