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C11 Study 4 - Insurance as a Contract: The Insurance Policy correctly answered to pass

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C11 Study 4 - Insurance as a Contract: The Insurance Policy correctly answered to pass

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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

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