Examveda
Examveda

Why insurance contract is an Adhesion Contract?

A. Insurance Co. has all the bargaining power

B. Client has also great bargaining power

C. Both A & B

D. None of the three

Answer: Option A

Solution(By Examveda Team)

Adhesion contract is a legally binding agreement between two parties to do a certain thing, in which one side has all the bargaining power and uses it to write the contract primarily to his or her advantage.

This Question Belongs to Commerce >> Insurance

Join The Discussion

Related Questions on Insurance