Travel laws and insurance UE Past Papers Questions.
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(2247) Question Category: Short answers “An insurance may be defined as a contract by which one party (insurer), in consideration of price paid to him (premium), provides a cover for security, proportionate to certain future risk to another party (the insured), assuring the insured against such a prejudice upon the happening of such certain and specified events” (Anonymous). Study ten(10) underlined words. Elaborate their meanings; showing how the intersection of each other renders insurance contracts exceptional contractual relationships. Answer / Solution UNSOLVED |
(2248) Question Category: Short answers “Travel laws would have been solely domestic if there were no need for global interaction. But international Travel Laws (ITLs) become municipally inevitable because of global interdependence.” (Anonymous)
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(2249) Question Category: Short answers Kilaza is three weeks to attain majority age. He has grown into discovering a lot of night dealings-both legal and illegal so to speak! He decides to purchase as insurance cover against risks he may encounter during night hours. He approaches unregistered fool insurance Co. for an insurance cover. During his visit to the company, he explains his night excursions and asked if the company could cover the risks attached to his situation. The company`s speaks-person guarantees Kilaza in favour of the company`s ability to cover everything in the world on “Buyer Beware” premise basis. Kilaza signs a contract of insurance with fool insurance Co; although he didn`t understand all about buyer beware concept. One of the clauses in the insurance policy is that ; Kilaza purchases the insurance cover against risks attributable to his night illegal businesses and he will be eligible for insurance cover if he suffers serious harm. Kilaza therefore is obliged to deposit a premium of Tsh.20,000/= per month and according to Fool Insurance Co`s policy, that deposit is perceived to be 2% of Kilaza`s night illegal dealings gains. A week after signing insurance contract , Kilaza was robbed when crossing Hatari Street during daytime. The robbers grabbed him only an empty wallet. Kilaza remembered that he would benefit from insurance cover if he sustained serious harm. He decided to give away his bag to a passer-by so as to increase the gravity of robbery. Later , he explains to his uncle Majanga about the incident and Majanga walks onto Fool Insurance Co. to claim on behalf of Kilaza . In the process of enforcing the claim by Majanga, Kilaza realizes that there were terms in the policy which he was not aware of, and if he realized he wouldn`t have signed it. He decides to pass the total insurance cover benefits to his uncle if at all will manage to enforce the claims.
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(2250) Question Category: Short answers Provide legal word(s); the meaning of which is expressed in the sentences below:
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(2251) Question Category: Short answers Provide legal word(s); the meaning of which is expressed in the sentences below.
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