Commercial Law, 2012 Bar — Question 30

MULTIPLE CHOICE

An insurance contract is an aleatory contract, which means that — A) the insurer will pay the insured equivalent to the amount of the premium paid. B) the obligation of the insurer is to pay depending upon the happening of an uncertain future event. C) the insured pays a fixed premium for the duration of the policy period and the amount of the premiums paid to the insurer is not necessarily the same amount as what the insured will get upon the happening of an uncertain future event. D) the obligation of the insurer is to pay depending upon the happening of an event that is certain to happen.

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