Question: Moving to another question will save this response. Question 9 2 points All wants to buy a house insurance policy. ABC insurance Company sent him

 Moving to another question will save this response. Question 9 2

Moving to another question will save this response. Question 9 2 points All wants to buy a house insurance policy. ABC insurance Company sent him the following offer The policy will cover the following perils flood, theft, fire and storm Premium: AED 2,000 Excess: AED 750 All has informed the insurance company that he will accept the offer only if the insurance policy covers the earthquake and without changing the premium. Henck O the agreement has been reached because although Ali has requested to add a new peril - earthquake, he did not request a change in pretium een echte the agreement has not been reached because neither the insurance company nor Al have signed the written agreement O the agreement has not been reached because new terms were introduced and that is a counter offer the agreement has been reached since this is an example of an unconditional acceptance Question of 20 Moving to another question will save this response. Close Window

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 Finance Questions!