1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paul [167]
3 years ago
5

In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is l

egally obligated to pay losses covered by the policy. What contract element does this describe?
a. Unilateral
b. Unidirectional
c. Aleatory
d. Conditional
Business
1 answer:
Margarita [4]3 years ago
3 0

Answer: Unilateral contract.

Explanation:

A unilateral contract is a contract in which promise to fulfill a requirement is made only in one direction, when only the offeror makes a promise and the offeree is on the receiving end of the promise. In insurance the insurer is the only one who makes a promise while the insured is the one receiving the offer(and can break from the agreement at any time).The insurer is the offeror while the insured is the offeree.

You might be interested in
You own a lot in Key West, Florida, that is currently unused. Similar lots have recently sold for $1,260,000. Over the past five
Kamila [148]

Answer:

Explanation:

find the solution below

7 0
3 years ago
A schedule listing account balances for the current and previous years, and columns for adjusting and reclassifying entries prop
g100num [7]

Answer:working trial balance

Explanation:

A trial balance is a statement prepared to test the mechanical accuracy of ledger transactions

4 0
4 years ago
Read 2 more answers
Larson entered Forrester's Auto Mart to purchase a used car. Larson found a vehicle with a sales price of $11,000. After Forrest
RideAnS [48]

Answer:

The answer is: C) lose because he will not be able to prove reliance on the misrepresentation.

Explanation:

In order for Larson to be able to rescind the contract, he would have to prove that he had reasonable reliance that Robert Redford owned that specific car. Reasonable reliance refers to a person believing something to be a fact, which any other person could reasonably believe in as well.

But exactly how could he prove that someone else might also believe that the car was previously owned by Robert Redford? I find it very doubtful that he can prove that.

5 0
3 years ago
From an economic perspective, a student’s decision to go to the movies instead of studying for a test indicates that in the stud
shepuryov [24]

Answer:

It  means that the  marginal cost of going to the movies is less than the marginal benefit of going to the movies.

Explanation:

If the student chooses to go to the movies, it means that he thinks he has less to lose when he foregoes studying for a test. Even though logically it may appear that the latter would be a better option, according to him, the 2 or so hours at the movies would provide an extra value like if he went with a family member who he cares about. That probably beats the cost of staying up late to revise for the test.

6 0
3 years ago
Hiring employees from outside the host country is an option many companies take when the local labor market does not offer enoug
Alinara [238K]

Answer:

True

Explanation:

Some countries are known to have people with special skills and competences that may not be available to others.

Hence where a company sees that the skills and competence required may not be adequately available in  the local market, the company has the option of hiring employees from outside the country.

This may however be at a cost higher than the cost that would have been incurred if the company had hired the employee from the host country.

6 0
3 years ago
Other questions:
  • ​_____ is the industry term for inventory and cash losses from shoplifting damage to​ merchandise, and employee theft.
    11·1 answer
  • Novak Corporation is preparing its 2014 statement of cash flows, using the indirect method. Presented below is a list of items t
    15·1 answer
  • President _______ worked with colombia for the opportunity of building a canal in panama.
    14·1 answer
  • "Diminishing marginal​ returns" refer to a situation in which the ______.A. average product of the last worker hired is less tha
    12·1 answer
  • Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen
    6·1 answer
  • An economy can produce the following combinations of goods: 50X and 0Y, 40X and 10Y, 30X and 20Y, 20X and 30Y, 10X and 40Y, and
    10·1 answer
  • Great Lake Glassware Company issues $ 1 comma 197 comma 000 of its 12​%, 10minusyear bonds at 95 on February​ 28, 2018. The bond
    13·1 answer
  • The purpose of planning is setting goals and formulating operational plans to achieve those goals. Managers spend a great deal o
    10·1 answer
  • Mary sets a target for the project budget during the planning phase. While executing the project, she checks to make sure she is
    14·1 answer
  • Example of business proposal​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!