Which of the following is not a contract of indemnity mcq
Contract of Life Insurance: Life insurance is not a contract of indemnity because it is the other type of insurance contract, a "valued contract". Indemnity insurance pays a benefit equal to the financial loss and seeks to return the insured to its original financial position.
Which of the following is not a contract of indemnity?
Life insurance does not relate to a contract of indemnity because the insurer does not promise to indemnify the insured for any loss on maturity or death of the insured but agrees to pay a sum assured in that case.
Which of the following insurance is a contract of indemnity?
Fire insurance is a contract of indemnity.
Which one of the following is the agreement that is not enforceable by law is mcq?
An agreement not enforceable by law is to be a void.
Which of the following is not a condition of an insurance contract?
Indemnity contract is not applicable in life insurance contract. Among the given options option (c) Indemnity contract is the correct answer.
Which contract is called a contract of indemnity?
A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a contract of indemnity. Whether insurance contract is a contract of indemnity? 41 related questions found Which is not a contract of indemnity?
When can an indemnity-holder recover all costs in suit?
The indemnity-holder can recover all costs he has been compelled to pay in suit to which the promise to indemnify relates if: A. the promisor had authorised him to bring or to defend the suit B. in bringing or defending the suit he had not contravened the orders of the promisor, and had acted in a prudent manner D. None of these 81.
Is group insurance a contract of indemnity?
Contract of Group Insurance, market Insurance & Property insurance is all contracts of Indemnity. These are indeed a contract of indemnity. As the following is noticed in both the contracts: Both are contingent on the happening of an event. Both are special contracts, but the general principle applies to both. A promise to compensate is common.
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[PDF] 1 Which of the following in not an Operating System? A Mac OS
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- which is not a contract of indemnity
- which is an example of contract of indemnity