If a property insurance agent goes to Maria's door, convinces her to apply for insurance and write a check for the policy premium, which of the following has occurred?
A) Offer, acceptance
B) Soliciting an offer, offer, acceptance, consideration
C) Offer, counter offer, acceptance, consideration
D) Offer, consideration

Question

Quizplus · Accepted Answer

The property insurance agent is soliciting an offer from Maria, which she provides by writing a check for the policy premium. This offer is accepted by the insurance company, and consideration is provided in the form of the insurance coverage. Therefore, all elements of a contract (offer, acceptance, consideration) are present, making option B the best choice. Option A is incorrect because there is no clear offer from the insurance company to Maria, as she is the one applying for insurance. Option C is also incorrect because there is no counteroffer made by either party. Option D is partially correct because there is consideration provided, but it does not address the offer and acceptance elements of the contract.

If a Property Insurance Agent Goes to Maria's Door, Convinces