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Consideration can be defined as something of value given in exchange for the promises sought. Each party to the contract must give valuable consideration. An insurance contract includes consideration that an insurance company gives to an insured. An offer, which is where the insurer will offer a specific service. It must be for a legal…
Tag: contract
Which Of The Following Best Describes A Conditional Insurance Contract
It is not enough, however. B) death benefits are paid only if death occurs within 24 hours of an accident. A contract where only one party makes any kind of enforceable contract What to include for a conditional contract concerning a mortgage: Insurance contract and insurance policy are synonymous. The insured is under no legal…
Breach Of Insurance Contract Florida
This is when one of the parties fails to fulfill a particular contractual obligation properly within the required timeframe. The material difference in florida contract law. 1 law360 is a great publication to keep abreast of the newest legal issues involving insurance and this is how it described the upcoming case: 2) a breach of…