Which of the following is a contract that involves one party which indemnifies another when a loss arises from an unknown event?

Which of the following is a contract that involves one party which indemnifies another when a loss arises from an unknown event?


A) Insurance policy
B) Indemnification agreement
C) Loss contract
D) Warranty arrangement


Answer: A) Insurance policy

Popular posts from this blog

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need: