C11 Study 4 - Insurance as a Contract:
The Insurance Policy correctly answered
to pass
common law requirements of a contract - correct answer ✔✔agreement (offer
and acceptance)
consideration
genuine intentions
capacity to contract
legality of purpose
void contract - correct answer ✔✔in the eyes of the law, a contract that was never
made or never existed
consideration - correct answer ✔✔value received to bind a contract
legally effective consideration - correct answer ✔✔must have a price
must have some value
must be in the present or future
quebec requirements of contracts - correct answer ✔✔consent
capacity to contract
cause of contract
The Insurance Policy correctly answered
to pass
common law requirements of a contract - correct answer ✔✔agreement (offer
and acceptance)
consideration
genuine intentions
capacity to contract
legality of purpose
void contract - correct answer ✔✔in the eyes of the law, a contract that was never
made or never existed
consideration - correct answer ✔✔value received to bind a contract
legally effective consideration - correct answer ✔✔must have a price
must have some value
must be in the present or future
quebec requirements of contracts - correct answer ✔✔consent
capacity to contract
cause of contract
