Insurance and gambling differ in that, in contrast to insurance,
A) gambling is always illegal,
B) gambling involves creation of new risk,
C) gambling is not an aleatory contract,
D) the gambler usually wins in the long run,
E) gambling is an example of hedging.
Correct Answer:
Verified
Q33: Match the descriptions with their terms:
-Implied warranties
Q34: Match the descriptions with their terms:
-A/An _
Q35: Match the descriptions with their terms:
-_ is
Q36: Match the descriptions with their terms:
-A/An _
Q37: Match the descriptions with their terms:
-The doctrine
Q39: An exception to the principle of indemnity
Q40: Which of the following is false?
A) An
Q41: Insurable interest exists when
A) Cobb has insurance
Q42: Insurable interest in property-liability insurance must exist
A)
Q43: If Greene's car collides with Alarcon's and
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