Marine Insurance and Cargo Insurance
10 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which type of insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred?

  • Car insurance
  • Health insurance
  • Marine insurance (correct)
  • Life insurance
  • What is the sub-branch of marine insurance that specifically covers the insurance of cargo?

  • Life insurance
  • Cargo insurance (correct)
  • Health insurance
  • Marine insurance
  • Which type of insurance is used when goods are transported by mail or courier?

  • Marine insurance
  • Shipping insurance (correct)
  • Health insurance
  • Life insurance
  • Apart from cargo, what other types of property does marine insurance cover?

    <p>Onshore and offshore exposed property</p> Signup and view all the answers

    Who dictated the 4,130 lines of cuneiform law found on the basalt or diorite stele?

    <p>Hammurabi</p> Signup and view all the answers

    Which party has the contractual obligation to compensate for losses in an indemnity agreement?

    <p>The indemnitor</p> Signup and view all the answers

    What is the duty to indemnify usually coextensive with?

    <p>The duty to hold harmless</p> Signup and view all the answers

    What is the purpose of indemnities in insurance contracts?

    <p>To provide coverage for various kinds of loss</p> Signup and view all the answers

    In an agency context, who may be obligated to indemnify their agent for liabilities incurred?

    <p>The principal</p> Signup and view all the answers

    What is the primary purpose of a guarantee in contract law?

    <p>To perform the promise of a relevant other party if that other party defaults</p> Signup and view all the answers

    More Like This

    Time Policy in Marine Insurance
    6 questions
    Cargo Insurance Overview
    12 questions
    CAIB 3 - Chapter 5
    36 questions

    CAIB 3 - Chapter 5

    UnbeatableGreenTourmaline7702 avatar
    UnbeatableGreenTourmaline7702
    CAIB 3 - Chapter 4 - New Slides
    48 questions

    CAIB 3 - Chapter 4 - New Slides

    UnbeatableGreenTourmaline7702 avatar
    UnbeatableGreenTourmaline7702
    Use Quizgecko on...
    Browser
    Browser