A unilateral contract involves a:

A unilateral contract involves a:

a. Promise in exchange for a promise
b. Performance in exchange for a promise
c. Counteroffer
d. None of the above

Q. 2

An example of insurance risk sharing is:

a. Automobile collision coverage with a deductible.
b. Co-pay in a health insurance policy.
c. Both a & b.
d. Neither a nor b.

Q. 3

The legal document that describes how one's real and personal property are to be distributed upon death is a(n):

a. Deed
b. Contract
c. Will
d. Probate

Q. 4

Canons of construction are:

a. Rules to aid a court in interpreting a contract.
b. Rules to aid a court in determining if a construction defect exists in a building.
c. Rules to aid a court in interpreting only an insurance policy.
d. None of the above.

Q. 5

A lapse in treatment shown in the chart is typically favorable for :

a. The plaintiff.
b. The defense.
c. The treating physician.
d. None of the above.

Q. 6

At common law, for there to be an acceptance of an offer, the offeree may not change, add, or qualify any of the offeror's terms. This is known as:

a. A counteroffer
b. Consideration
c. An offer
d. The mirror-image rule

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A unilateral contract involves a:

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