QuestionAugust 5, 2025

Which of the following is NOT an essential element of an insurance contract? A. Agreement B. Legal purpose C. Counteroffer D. Consideration

Which of the following is NOT an essential element of an insurance contract? A. Agreement B. Legal purpose C. Counteroffer D. Consideration
Which of the following is NOT an essential element of an insurance contract?
A. Agreement
B. Legal purpose
C. Counteroffer
D. Consideration

Solution
4.3(218 votes)

Answer

C. Counteroffer Explanation 1. Identify essential elements of an insurance contract Essential elements include Agreement, Legal Purpose, and Consideration. 2. Determine the non-essential element Counteroffer is not an essential element; it is part of negotiation but not a fundamental component of the contract itself.

Explanation

1. Identify essential elements of an insurance contract<br /> Essential elements include Agreement, Legal Purpose, and Consideration.<br /><br />2. Determine the non-essential element<br /> Counteroffer is not an essential element; it is part of negotiation but not a fundamental component of the contract itself.
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