Which of the following is the similarity between insurance and gambling?
A)The amount of loss to be paid is known before hand.
B)Promise to pay on the happening of an event.
C)Both the parties win on happening of an event.
D)Both are enforceable at law.

Question

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The Answer of Which of the following is the similarity between insurance and gambling?
A)The amount of loss to be paid is known before hand.
B)Promise to pay on the happening of an event.
C)Both the parties win on happening of an event.
D)Both are enforceable at law.

Which of the Following Is the Similarity Between Insurance and Gambling