11th Class Business Studies Business Services

  • question_answer 4)
    Which of the following is not applicable in life insurance contract? (a) Conditional contract (b) Unilateral contract (c) Indemnity contract (d) none of these

    Answer:

    (c) Life insurance contract is not a contract of indemnity as the life of a human being cannot be compensated and only a specified sum of money is paid.


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