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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.

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Answer:

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Explanation:

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3 years ago
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Answer:

C. $65,800

Explanation:

Fixed csot: those which do not change for a relevant range with the production output. They aer constant.

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The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.

Same goes with packaging cost, if no unit is produced then, no packagin is needed.

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