The insurer and insured must be honest in their dealings.

Exists if the insured losses financially if the insured object is destroyed or ceases to exist.

Market value is R50 000

Vehicle is insured for R75 000

If property is underinsured, the full amount of the damages will not be paid out by the insurer.

Select which of these insurance types are compulsory.

Covers both the employer and the employee in case of injury or disease contracted in the workplace, during the course of the employee's employment.

Lease agreements of movable property are between a .....

If property can be moved from one place to another without losing it's identity, it is .....

The seller gives up possession to the purchaser, but remains the owner of the goods until the entire purchase price has been paid.

Contracts can be oral and in writing

Contracts are invalid when ....

An intoxicated person can enter into a contract.

What are common mistakes people have with contacts...

Contracts imposes rights and obligations on BOTH parties.

A contract between two parties for illegal activities is not valid