Question: When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following? O

When an insured makes truthful statements on the
When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following? O A. Consideration O B. Contract of adhesion O C. Acceptance O D. Legal purpose

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 Accounting Questions!