Explain haw an insurance contract avoids being void as a wager.
Question:
Explain haw an insurance contract avoids being void as a wager.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
The insured must have an i...View the full answer
Answered By
Snehadeep Kininge
My self snehadeep I have bachelor's degree from mechanical engineering.also good knowledge of aerospace engineering (aerodynamic and propulsion) . Currently working in private firm Research and development department as engineer. Expertise in physics,maths, mechanical engineering and aerospace engineering. I can deliver quality work in time
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. Why are incontestability clauses placed in life insurance contracts? 2. Do incontestability clauses work to the mutual advantage of the insurer and the insured? 3. Express your opinion on whether...
-
Insurance contracts have certain legal characteristics that distinguish them from other contracts. Explain the following legal characteristics of insurance contracts. a. Aleatory contract b....
-
The Ewells bought a home in Seaford, Delaware. They planned to renovate it and reside in it later. The Ewells insured the house with an insurance company, Lloyd's of London. Shortly after purchasing...
-
For problems involving composite bodies composed of two or more materials, the elasticity solution requires both boundary conditions and interface conditions between each material system. The...
-
On January 1, 2012, Harrison, Inc., acquired 90 percent of Starr Company in exchange for $1,125,000 fair-value consideration. The total fair value of Starr Company was assessed at $1,200,000....
-
Is it ethical to make promises to investors and potential employees about the growth expectations of govWorks.com? What responsibilities do the founders of the business have to their new employees...
-
Eager Beaver, Inc., started 2011 with total assets of \($24,000\) and total liabilities of \($11,000\). At the end of 2011, the businesss total assets stood at \($34,000\), and its total liabilities...
-
Boulder Mines paid $425,000 for the right to extract ore from a 250,000-ton mineral deposit. In addition to the purchase price, Boulder Mines also paid a $110 filing fee, a $2,000 license fee to the...
-
Robert was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable-and fixed-MOH costs where he saw fit, before actually calculating the related...
-
The position of a particle as a function of time is given by r(vector) = (5.0i + 4.0j)t 2 m, where t is in seconds. a. What is the particles distance from the origin at t = 0, 2, and 5 s? b. Find an...
-
If you pay $100 for a 90-day option on property offered at $200,000, which of the following is true? a. You have bought a 90-day period of time within which you may or may not accept the offer of the...
-
What is required for acceptance of an offer and how can such acceptance be accomplished?
-
What is the advantage of using a composite of indicators (such as the 10 leading indicators) over simply using an individual indicator?
-
A cylindrical electromagnet produces a uniform \(1.5-\mathrm{T}\) magnetic field between the poles. If the north and south poles of the electromagnet have circular cross-section having radius \(60...
-
A parallel-plate capacitor with circular plates has a steady charging current of \(3.0 \mathrm{~A}\). The wires into and out of the plates attach to the plate centers. If the radius of each plate is...
-
As we saw in Checkpoint 30.9, a receiving dipole antenna has to be aligned with the oscillating electric field in order to produce a measurable potential difference in the antenna. What if we wanted...
-
Instead of a capacitor in a circuit, we can get the same effect by slicing a thick wire in two, making our cut perpendicular to the wire's long axis. If the wire diameter is \(5 \mathrm{~mm}\) and we...
-
A parallel-plate capacitor of capacitance \(10 \mu \mathrm{F}\) is being charged by a voltage source \(V=V_{0} \cos (\omega t)\). Suppose that \(V_{0}=240 \mathrm{~V}\) and \(\omega=50...
-
A long rope with mass m is suspended from the ceiling and hangs vertically. A wave pulse is produced at the lower end of the rope, and the pulse travels up the rope. Does the speed of the wave pulse...
-
What are the principal differences among asset liquidity management, liability management, and balanced liquidity management?
-
Assume that you want to read the entire it court opinion in the case of Equal Employment Opportunity Commission it Autccone. Inc., 809 E3d 916 (7th Cir. 2016). Refer to the subsection entitled...
-
Citynet, LLC, established an employee incentive plan "to attract and retain experienced individuals." The plan provided that a participant who left Citynet's employment was entitled to "cash out" his...
-
Joy Pervis and Brenda Pauley worked together as talent agents in Geor-gia. When Pervis "discovered" actress Dakota Fan-ning, Pervis sent Fanning's audition tape to Cindy Osbrink, a talent agent in...
-
What is the output of the following query? SELECT AVG(B_COST) FROM BOOK NATURAL JOIN CHECKOUT NATURAL JOIN STUDENT WHERE S_TYPE = 'PG' AND B_SUBJECT NOT IN ('CLOUD', 'DATABASE');
-
In its first month of operations, Carla Vista Company made three purchases of merchandise in the following sequence: (1) 240 units at $9, (2) 340 units at $11, and (3) 440 units at $12. Assuming...
-
What is the value printed by the following C program on the console window? #include #include int modify_value(int j); int main() int a = 0; int b = 0; a = 12 + rand() % 6; do { b =...
Study smarter with the SolutionInn App