. Which of the following is not applicable in life insurance contract ?
A) Conditional contract B) Unilateral contract C)Indemnity contract
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Answer:
Indemnity Contract.......
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Answer:
The contract of indemnity is defined as, " A contract where one party promises to save the other from the loss caused by the conduct of the promisor himself or by the conduct of any other party." In a life insurance contract, nobody can save the life of the person. Hence, contract of indemnity does not apply here.
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