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4 Written questions

3 Multiple choice questions

  1. The binding force in any contact that gives it legal status; the object of value that each party gives to the other.
  2. An individual who is covered by an insurer.
  3. A legal document that requires an individual to appear in court with a piece of evidence that can be used or inspected by the court.

3 True/False questions

  1. DeductibleFailure to exercise a reasonable degree of care.


  2. PremiumA specific sum of money paid by the insured to the insurance company in exchange for financial protection against loss.


  3. Respondeat superiorA key principle in business law, which says that employer is responsible for the actions of his or her employees in the course of employment.


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