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
15

Insurance contracts are known as ____ because certain future conditions or acts must occur before any claims can be paid.

Business
1 answer:
Kazeer [188]3 years ago
3 0
Insurance contracts are known as conditional contracts because certain future conditions or acts must occur before any claims can be paid.  In this case, the insurance contracts are conditional because the policy holder must follow their requirements such as paying for the policy before the insurance company does their end of the contract. If you do not pay for your insurance policy, the insurance company is not responsible for coverage. 
You might be interested in
Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street
crimeas [40]

Options :

a. ​mistake.

b. ​opinion.

c. ​an adhesion contract.

d. ​fraud.

Answer: Fraud

Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.

5 0
3 years ago
How does supporting fair trade help consumers?
Soloha48 [4]
Fair trade in smaller territories e.g the carribean islands, support customers in the way that the goods are duty free and exporting and importing is cheaper because no fee is needed for the government of either islands. That's how it works here where I live in the eastern Caribbean.
6 0
3 years ago
Read 2 more answers
How are goods produced? Determines:a) who receives the goods that are produced. b) how tastes and preferences are determined. c)
kvasek [131]

Answer:

c) how resources are combined in the production of goods.

Explanation:

In order to meet the unending needs and wants of consumers, to satisfactorily provide products that meets their requirements, tastes or preferences various manufacturing companies use five (5) main methods of production, and these are; labour-intensive production, mass production, batch production, capital-intensive production and job production.

Generally in Economics, the question of how goods are produced, determines how resources are combined in the production of goods.

This ultimately implies that, before a manufacturer produce its goods it determines the amount of resources that are available. These resources that are to be combined for the purpose of production of goods are <em>entrepreneur, land, labor, and capital</em>, which are generally referred to as the four (4) factors of production.

4 0
3 years ago
What is the difference between legitimate and illegitimate compulsion for enrique dussel? Does he consider both to be violence?
KATRIN_1 [288]

Dussel does not consider legitimate compulsion to be malicious, on the other hand he considers illegitimate compulsion.

4 0
3 years ago
Phoenix Guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and
Lilit [14]
D because it’s correct
7 0
3 years ago
Read 2 more answers
Other questions:
  • A for-profit institution that works with large companies and corporations to manage deposits, loans, and investments is known as
    7·1 answer
  • Patton Company purchased $900,000 of 10% bonds of Scott Company on January 1, 2015, paying $846,225. The bonds mature January 1,
    10·1 answer
  • Private ownership differs from state ownership in that in private ownership _____.
    13·1 answer
  • Sales $ 1,000,000 Net income $ 45,000 Current Assets $ 50,000 Fixed Assets $ 200,000 Total Assets $ 250,000 Current Liabilities
    13·1 answer
  • In the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and
    15·1 answer
  • Hal E. Burton hospital can purchase a new machine (to be placed in an undisclosed location) for $1,000,000 that will provide an
    8·1 answer
  • Daniela is a member of a team at a company that handles promotions for minor-league baseball clubs. Daniela’s manager has been r
    7·1 answer
  • Scenario 1 Your deliveries to retail stores have not been on time lately, and neither have the departures of loaded trucks from
    6·1 answer
  • Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes a
    5·1 answer
  • Which are examples of a person changing careers? Check all that apply.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!