Question: Please Answer ASAP. Answer the following question by picking the absolute, best choice out of four choices provided. Disclaimer: The field of study can fall
Please Answer ASAP. Answer the following question by picking the absolute, best choice out of four choices provided. Disclaimer: The field of study can fall either under business or laws, because the subject is in regards to business laws.
Which of the following is a valid insurance agreement?
A. John signs an insurance agreement that covers the risk of fire outbreak at his neighbor's house in which he has no vested interest.
B. Jane enters into an insurance agreement to cover the risk of burglary at her house.
C. Casey insures her friend Mumba's car although she is not likely to suffer economic loss if the car is damaged.
D. Julia enters into an insurance agreement to cover the risk from the loss that results from losing a bet over a horse race with her friend.
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