Question: Explain fully the six essential elements that a contract of insurance must contain to be valid. Remember to make your answer specific to insurance, rather

Explain fully the six essential elements that a contract of insurance must contain to be valid. Remember to make your answer specific to insurance, rather than a contract in general.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Give two different explanations why the following three periodic tasks are schedulable by the rate - monotonic algorithm: 1 {0.8, 2}, 2 {1.4, 4}, and 3 {2, 8}. Here, the notation i {e i , p i...

Q:

2. Licensing a) Explain the role of the VCGLR in regulating this area of law b} In Victoria. the hospitalityr industry is regulated by the Liquor Control Reform Act 1993. ' Fill In the missing gaps...

Q:

2. Licensing a) Explain the role of the VCGLR in regulating this area of law b} In Victoria. the hospitalityr industry is regulated by the Liquor Control Reform Act 1993. ' Fill In the missing gaps...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Required: (a) Considering issues of performance measurement and control, what are the benefits and risks of the standardization that you read about in this case? (b) Do Exhibits 5 & 6 point to an...

Q:

The Court Decides Perin v. Hayne 210 n.W.2d 609 (Iowa 1973) McCormick, J. This is an appeal from a directed verdict for a doctor in a malpractice action. We affirm. The claim arose from an anterior...

Q:

5. Give an example of a contract that will be enforceable even if a person has not obtained the age of majority. 7. Hardy Boys Detective Agency hired Nancy Drew to work on an investigation. Nancy...

Q:

Before starting your Case Assignment: Make sure to thoroughly review the required reading. Make sure you fully understand the main elements of a contract and all of the conditions required for a...

Q:

QUESTION 1 Making reference to decided cases, explain the following. (1) the juristic nature of cession; (2) the difference between cession, delegation, and assignment; (3) The cedability of personal...

Q:

Fill in the multiple bonds in the following model of naphthalene, C10H8 (gray = C, ivory =H). How many resonance structures does naphthalenehave?

Q:

Solve the linear programming problems stated in Problem Minimize and maximize P = 20x + 10y subject to 3x + y 21 x + y 9 x + 3y 21 x, y 0

Q:

Which of the following functions is one - to - one? f ( x ) = | x | + 2 f ( x ) = x 2 1 f ( x ) = | x | f ( x ) = x 2 f ( x ) = x

Q:

Data on the physical inventory of Ashwood Products Company as of December 31 follow: Inventory Item Inventory Quantity Market Value per Unit (Net Realizable Value) B12 38 $ 57 E41 18 180 G19 33 126...

Q:

The Tokyo Olympics After watching How the Tokyo Olympics Became the Most Expensive Summer Game Ever video answer the following questions. * * The numbers can be made up . I just need help with an...

Q:

XYZ Inc is a Canadian Controlled private corporation. The company's controller has prepared an income statement for the year for the company(the amounts shown do not include any applicable HST): XYZ...

Q:

(25 points) You are an art agent auctioning off a classic 1844 landscape painting by Thomas Cole at a reputable auction house. The current auction estimate for your painting is $800,000. The seller's...

Q:

1. Mr. Albert has a piece of property he has used in his business for 25 years. He is moving his business across the country and needs to get rid of the real estate he currently owns, as he won't be...

Q:

1. Explain / how do we do stakeholder priority? and Write down your understanding of the following matrix: (LO3)(30 points) Prioritization of stakeholders (per topic) High Priority 2 Hold highly...

Q:

=+3. What are market presence strategies, and which can you name?

Q:

=+Question 2 Based on this analysis, derive strategic opportunities of action and critical success factors for the management of Google. Name present success factors of Google.

Q:

=+1. Do different globalization and localization advantages exist for media companies?