General Insurance
Which set names the elements of a legal contract as the outline lists them?
Answer and explanation
Answer: C. The outline lists offer and acceptance, consideration, competent parties, and legal purpose as the elements of a legal contract. The transaction steps, the insurance-specific requirement of insurable interest, and the parties to a policy are different things.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, elements of a legal contract
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