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Terms in this set (51)
,All of the following elements are assignment
required of a contract EXCEPT:
-assignment
-acceptance
-legal capacity
-legal purpose
,An applicant for insurance submits an inquiry for an offer
an application to an insurer for
underwriting but does not forward
any premium payment with the
application. Legally, the applicant
is making
-an inquiry for an offer
-an offer
-a counteroffer
-an acceptance
, Because health insurance policies Contracts of Adhesion
are offered on a "take it or leave it"
basis, they are referred to as which
of the following types of
contracts?
Aleatory Contracts
Executory Contracts
Unilateral Contracts
Contracts of Adhesion