Insurance Concepts Quiz G Flashcards

0
Q

For an agreement to be considered a contract it must contain all the following

A

One party must accept an offer that is made by another party
The parties must exchange money services work product or other valuables
Both parties must be legally competent at the time of making the agreement

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1
Q

A person who is what cannot enter a contract

A

Drunk

under the age of 18

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