Commercial Law, 2011 Bar — Question 93

MULTIPLE CHOICE

In return for the 20 years of faithful service of X as a househelper to Y, the latter promised to pay Php100,000.00 to X's heirs if he (X) dies in an accident by fire. X agreed. Is this an insurance contract? A) Yes, since all the elements of an insurance contract are present. B) Yes, since X’ services may be regarded as the consideration. C) No, since Y actually made a conditional donation in X’s favor. D) No, since it is in fact an innominate contract between X and Y.

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