Free online quizzes and exams to copy

Tour Menu

Go back to browse: Free exams and quizzes

Free Exam: The Insurance Contract

Number of Questions in Test: 10
Number of Questions in Preview: 5
Register to view all questions.

Note: Answers are not shown below but will be copied with this test.

Copy this test to my quiz maker account

Register with ClassMarker to copy free tests to give to your Test takers.

Register now

Question 1

All of the following are true of Contracts, except

Type: Multiple choice
Points: 1
Randomize answers: No

Question 2

An offer is considered

Type: Multiple choice
Points: 1
Randomize answers: No

Question 3

Shawn and his sister Abby purchase a home together for $80,000. Abby buys insurance in her name only for $80,000. When the home burns down the insurance company only gives Abby $40,000 stating that she only had $40,000 of insurable interest. This is part of

Type: Multiple choice
Points: 1
Randomize answers: No

Question 4

An insurance contract does not insure property; it insures the person who owns the property. This concept is best described by which characteristic of a contract

Type: Multiple choice
Points: 1
Randomize answers: No

Question 5

One party's performace depends on an uncertain event, which means that the exchange of value might appear to be unequal.

Type: Multiple choice
Points: 1
Randomize answers: No

Register now for a quiz maker account to create online tests for free.

ClassMarker is a Quiz maker for teachers and businesses alike.

Did you know, with ClassMarker you can: