بازار خرید و فروش انواع پارچه | پارچه بازار قیمت، خرید، فروش انواع پارچه
Insurable interest – A requirement in insurance contracts that the damage must be suffered by the claimant in the event of the death or disability of another and that the loss must be sufficient to warrant compensation. A bilateral treaty is a treaty in which each party promises to fulfil certain obligations. This is the most common type of contract. Warranties – statements made on an insurance application that are guaranteed to be true; that is, they are in exactly the smallest detail in contrast to the representations. Statements about insurance claims are rarely guarantees, unless they are fraud. Insurance policies have unilateral contractual characteristics. In the case of an insurance contract, the insurer undertakes to pay if certain actions are carried out as part of the coverage of the contract. In an insurance contract, the target beneficiary pays a premium set by the insurer to maintain the plan and receive an insurance allowance when a particular event occurs. In a unilateral contract, on the other hand, only one party makes an enforceable promise. A contract arises because the non-promising party fulfills its part of the agreement before the contract is concluded. For example, if the wholesaler in the example above had transferred money with his order, the transactions would have become one-sided, since only the manufacturer (who made a promise of delivery) had something to do. In general, unilateral contracts are limited to situations where one party is unwilling to grant a loan to the other party or to take the other party`s word for future performance. Life insurance is also a liability contract.
This means that the terms of the contract are not concluded through mutual negotiations between the parties, as would be the case with a negotiated contract. The policy, a complex and technical instrument, is prepared by the company and, with a few exceptions, must be accepted by the applicant in the form offered to him. The potential insured may or may not enter into a contract with the company, but the claimant is in no way able to negotiate the terms of the contract. The applicant must completely reject or “comply” with the contract. Any negotiation that precedes the issuance of a life insurance contract has to do only with whether or not the contract should be issued, with the plan and amount of the insurance and, to some extent, with the terms of the settlement agreement, although the settlement agreement itself is in fact drafted by the insurance company. To be legally enforceable, a contract must be concluded with a final and unrestricted offer (offer) of one party and the acceptance of its exact terms by the other party. In many cases, the offer of an insurance contract is made by the applicant when the application is submitted with the initial premium. The insurance company accepts the offer if it issues the policy as requested. If a counter-offer responds to an offer, the first offer is not valid. Insurance is a contract of the highest good faith.
This means that the policyholder and the insurer must know all the essential facts and relevant information. There can be no attempt on the part of either party to hide, disguise or make mistakes. A consumer takes out a policy that relies heavily on the insurer`s and agent`s explanation of the features, benefits, and benefits of the policy. Insurance applicants are required to disclose the risk in a complete, fair and honest manner to the agent and insurer. Concepts relating to the greatest good faith include guarantees, insurance and obfuscation. These are the reasons why an insurer might try to avoid payment under a contract. However, a compensation contract is one that pays an amount equal to the loss. Compensation contracts attempt to return the insured to his or her initial financial situation. Fire insurance and health insurance are examples of compensation contracts.
An insured who has a $50,000 fire insurance policy and suffers a loss of $5,000 as a result of a fire can raise up to $5,000, not $50,000. Membership contract: a contract drawn up by one party that must be accepted or rejected in writing by the other party. There are no negotiations on the terms of the agreement. An insurance guarantee is a statement by the claimant that is guaranteed to apply in all respects. It becomes an integral part of the contract and, if it turns out to be false, may be a ground for revocation of the contract. Coverage is considered important because it influences the insurer`s decision to accept or reject a claimant. In most cases, life insurers have only a limited period of time to discover false warranties, misrepresentations or obfuscations. After the expiry of this period (usually two years from the conclusion of the contract), the contract can no longer be terminated or revoked for these reasons. Unilateral contract: an agreement in which only one party makes a promise According to the legal definition, a representative is a person acting on behalf of another natural or legal person (known as a principal) in connection with contractual agreements with third parties.
An authorized representative has the authority to bind the client to the contracts (and the rights and obligations arising from those contracts). In this sense, we can review the main principles of agency law: a life insurance policy is therefore not a compensation contract, but a contract for the payment of a certain amount. This is likely based on the assumption that, since the value of a person`s life is unlimited for that person, no amount payable at the time of death exceeds the loss incurred. Even if the insured has reached an age or circumstance in which he no longer has any economic value, the insurance company must still pay the agreed amount after his death. The practical meaning of this principle is that, after payment of the nominal amount of the policy, the insurance company does not conclude the right of action of the testator`s estate if his death was caused by the negligence of a third party. Question 8: Bob and Tom start a business. Since each partner contributes to an important element of the company`s success, they decide to take out life insurance policies for each other and designate each other as beneficiaries. Eventually, they withdraw and dissolve the company. Bob died 12 months later. The Directives remain unchanged in force. The two partners were still married at the time of Bob`s death.
Who receives Bob`s police in this situation? In the case of unilateral or bilateral agreements, a unilateral agreement only requires one natural or legal person to enter into a contract for everyone, and a bilateral treaty requires two persons to accept the treaty. Agreements, whether spoken or written, are contracts between two parties with legally enforceable obligations. Agreements govern the relationship between the parties because they contain obligations, rights and other factors on which both parties have mutually agreed. There may be many differences, but these two treaties are also similar in some respects. Some of the similarities are – Commutative Contract: an agreement where each party expects to receive benefits of approximately equal value Revv is an intuitive document creation platform that allows you to electronically design, manage, store and sign any business document. You can also use the template library, which consists of ready-made templates for different types of business documents (quotes, quotes, contracts, agreements, and letters). Common examples of broken unilateral contracts may be situations where the person who promises the salary in exchange for a completed action refuses. For example, if you offer $100 to return your dog, but then refuse to pay because you think the person who returned the dog stole it, you were probably breaking the contract because you broke your payment word. Bilateral agreements can also be violated. A bilateral treaty can be broken if an employee refuses to do his or her share of work; if an employee does something prohibited by his employment contract; or even if a client prevents the contractor from fulfilling the obligation or carrying out this project. Fraud – Fraudulent act, misrepresentation of a material fact, knowingly made with the intention that another person would rely on that fact and consequently suffer financial hardship. You must also prove the same criteria if you decide to apply a bilateral or unilateral treaty in court.
In all situations, you must realize: An insurance contract is conditional. This means that the insurer`s promise of performance depends on the occurrence of a contractual event. If the event does not occur, no benefits will be paid. In addition, the contractual obligations of the insurer depend on the performance of certain actions by the insured or beneficiary. For example, timely payment of premiums is a prerequisite for maintaining the current contract. If the premiums are not paid, the company is released from its obligation to pay a death benefit. Most contracts in the business world are bilateral in nature. This means that each party makes an enforceable promise to the other party. The counterpart of such a contract is the exchange of mutual promises. Thus, an order from a wholesaler to a manufacturer for a certain quantity of a particular item at a certain price, if accepted, is a bilateral contract. The manufacturer undertakes (promises) to deliver the desired goods at an agreed price, while the wholesaler undertakes (promises) to accept and pay for the goods on delivery. Either party can bring an action if the other does not work as promised.
The conditions are not limited to unilateral contracts; a party to a bilateral agreement may condition its promise in a manner acceptable to the other party. Here`s an example of a conditional bilateral agreement: Able promises to provide 10 red rocking chairs, and Baker promises to accept them and pay $100 each if they are delivered before May 1. A life insurance policy can become a bilateral contract in certain circumstances. .
