Contract rescission can sometimes be based upon a unilateral mistake
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following BPMN shapes represents a data store?
A. 
B. 
C. 
D. 
Explain how a team leader would balance the paradox of interdependence versus individuality.
What will be an ideal response?
The law of large numbers states that as the number of exposure units increases:
A) accuracy of predictions should improve B) the chance of loss declines C) Speculative risk increases D) the number of accidents decreases
Insurers have greater administrative charges for flexible-premium deferred annuities (FPDAs) than they do for single-premium deferred annuities (SPDAs) because:
A) they do not have minimum required deposits for FPDAs B) there is considerably more adverse selection among persons purchasing FPDAs C) FPDA purchasers have much greater flexibility in making premium payments D) This is a trick question; insurers do not impose higher administrative charges on FPDAs versus SPDAs