Insurance contracts have certain legal characteristics that distinguish them from other contracts. Explain the following legal characteristics
Question:
a. Aleatory contract
b. Unilateral contract
c. Conditional contract
d. Personal contract
e. Contract of adhesion
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a The insurance contract is aleatory The values exchanged are not equal If a loss occurs the insured ...View the full answer
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Fahid Fayaz
I did my graduation from Aligarh Muslim University with 7.7 CGPA. I have almost tutored from class 12th the previous year students. I am have done Masters in Madras School of Economics with specialization in Financial Economics.
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Related Book For 
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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