
THC 8 Q.7
Authored by Rodelo Luyao
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract where both parties are bound to do something.
Aleatory
Onerous
Bilateral
Formal
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount to be paid for an insurance policy.
Payment
Premium
Money
Interest
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is otherwise known as the Insurance Code.
Republic Act No. 10607
Republic Act No. 16007
Republic Act No. 10706
Republic Act No. 10760
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An insurable interest in property may consist of the following, except:
An existing interest
Inchoate interest founded on an existing interest
Aleatory interest
An expectancy, coupled with an existing interest that out of which the expectancy arises.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract where there is an exchange of value for value, particularly in property insurance.
Aleatory
Contract of indemnity
Bilateral
Formal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract where there is a valuable consideration given like the payment of premium.
Aleatory
Formal
Onerous
Bilateral
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is an agreement whereby one undertakes for a consideration to indemnify another against loss, damage or liability arising from an unknown or contingent event.
Sales
Partnership
Insurance
Corporation
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