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Exam (elaborations)
FL Adjusters License Practice Exams 2023 100% Correctly Answered
Which of the following is NOT one of the four critical elements of a contract? 
(A) A mutual understanding and agreement with the terms of the contract. 
(B) Written evidence of the agreement and its terms. 
(C)A legal purpose. 
(D)Consideration, consisting of money or a promise of performance. - CORRECT 
ANS (B) Written evidence of the agreement and its terms. 
Assume that five years ago a couple insured their home for [its then appraised value 
of] $60,000. Two weeks ago they had a stove fir...