INSURANCE PRINCIPLES CHAPTER-3 PART-I. Essentials of a valid contract of insurance Features of a valid contract Offer and acceptance Consideration Capacity.
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1 Legal Principles of Insurance Contracts. Requirements of a Valid Insurance Contract 2 Legality Capacity Offer and Acceptance Consideration contracts.
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fb31aCONTRACT ACT essential,offer, accept, Free consent, Capacity, consideration
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Requirements for a valid contract 1. Offer 2. Acceptance 3. Intention 4. Consideration All MUST be present for the contract to be valid Other requirements:
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Essentials of Commercial Law - prenhall.com · Essentials of Commercial Law Jeffrey A. Helewitz, JD, ... List the six basic elements of a valid contract. Offer, ... Define consideration.