Legal characteristics that distinguish them from other

Assignment Help Finance Basics
Reference no: EM131047925

Insurance contracts have certain legal characteristics that distinguish them from other contracts. Explain the following legal characteristics of insurance contracts.
a. Aleatory contract
b. Unilateral contract
c. Conditional contract
d. Personal contract
e. Contract of adhesion

Reference no: EM131047925

Questions Cloud

Design alternative energy systems to meet building energy : The paper should include your findings based on case study of alternative energy systems and critically evaluate the functions and effectiveness of the systems.
Identify the illegal practice in which the agent engaged : Opal, age 75, has a $100,000 ordinary life insurance policy that has a cash value of $35,000. Opal is concerned about the cost of long-term care in a nursing home. A new agent of a national life insurer persuaded her to transfer the $35,000 into a..
Insurer that sells annuity products to retired people : The Financial Services Company is a large life insurer that sells annuity products to retired people. Company actuaries have designed a new annuity contract that combines lifetime annuity benefits with long-term care in a skilled nursing home. Fin..
What role mnc play in system of international redistribution : What is the weak cosmopolitan ideal for International Relations? What role would MNC's play in a system of International Redistribution of Resources in weak cosmopolitanism?
Legal characteristics that distinguish them from other : Insurance contracts have certain legal characteristics that distinguish them from other contracts. Explain the following legal characteristics of insurance contracts.
Calculate the line voltage at the secondary terminals : Calculate the line voltage at the secondary terminals of the transformer if the load is disconnected from the transformer. Assume that the input voltage to the transformer remains unchanged. Neglect core loss and magnetizing current.
Explain the following legal doctrines : Explain the following legal doctrines: a. Misrepresentation
What is the role of a health care organizations board : "Strategic Planning and Management" Please respond to the following: Summarize the Strategic Planning Process. What is the role of a Health Care Organization's Board in this process?
Draft a letter in response to an email : This research question consists of a case study: You are a graduate accountant working for McKenzie and Associates a public accounting firm. The manager of your firm, Ms Maria McKenzie has asked you to draft a letter in response to an email receive..

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate ending balance in retained earnings

Assume next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. Calculate Andrews ending balance in Retained Earnings be next year?

  Impact of accounting for operating leases

Issuance of SI par value common stock at an amount greater than par value and donation of land by a governmental unit to a corporation

  Assignment on financial research report

Imagine that you are a financial manager researching investments for your client that align with its investment goals. Use the Internet or the Strayer Library to research any U.S. publicly traded company that you may consider as an investment oppo..

  Evaluate the project efficacy

Evaluate the project's efficacy. Is this facility worthwhile, based upon your calculations ? Why or why not ? What does the NPV decision rule indicate for this project ?

  Computation of yield to maturity when interest is paid

Computation of yield to maturity when interest is paid and compounded annually and bond's rate of return earned

  What is the initial duration of the citrix fund

Consider the effect of a surprise increase in interest rates, such that the yields rise by 50 basis points (i.e., the yield curve is now flat at 6%). What would happen to the value of the assets in the Citrix Fund? What would happen to the value of t..

  The bank you work for has a raroc model the raroc model

the bank you work for has a raroc model. the raroc model computed for each specific activity measures the ratio of the

  What is the cost of common equity for whitewall

If Whitewall is expected to increase its annual dividend by 2 percent per year into the foreseeable future and the current price of Whitewall's common shares is $11.66, what is the cost of common equity for Whitewall?

  Calculation of cost of capital using wacc formula

Calculation of Cost of Capital using WACC formula where the company raises $20,000,000 is in the US equity market

  What is the actual rate of return

You buy an 8% annual coupon bond from CARRIS Inc. that has a 25 year maturity and a required return of 12%. The par value is $1,000. You sell the bond five years later when the required return is 10%. What is the actual rate of return (or hold..

  Planks plants had net income of 5000 on sales of 50000 last

planks plants had net income of 5000 on sales of 50000 last year. the firm paid a dividend of 1100. total assets were

  Selected condensed data taken from a recent balance sheet

selected condensed data taken from a recent balance sheet of perkins inc. are as follows.perkins inc.balance sheet

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd