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Katen [24]
3 years ago
9

Which of the following best describes the consideration on the part of an insurer?

Business
1 answer:
ehidna [41]3 years ago
4 0

Answer:

B) The promise to pay in the event of a covered claim

Explanation:

The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. In insurance matter of contracts, the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. Most non insurance contracts are fluctuating contracts. The amount of attention given by both parties are almost equivalent.

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Answer:

the mortgage.

Explanation:

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Answer:

Option (B) is correct.

Explanation:

The Journal entry is as follows:

Interest expense A/c Dr. $625

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3 years ago
Why do businesses compete in free enterprise system?
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<u>if you liked my answer please mark me as brainliest !! thanks <3 !!</u>

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How are traditional economies like free-market economies?
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