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Commerce · Q720

Insurance

Graduate and Post Graduate · Commerce · question 720

Q720

The person who makes the offer is called the _________ and the person who accepts the offer in an insurance contract is called the _________

A.
Offerer, Acceptor
B.
Insurer, Insured
C.
Proposer, Insured
D.
Proposer, Insurer
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
The person who makes the offer is called the Proposer and the person who accepts the offer in an insurance contract is called the Insurer.