General Insurance PrinciplesQuestion 184 of 315
All of the following are required elements of a valid contract EXCEPT:
a.Offer and acceptance
b.Consideration
c.Legal purpose
d.Written signatures of two witnesses
Explanation
California Civil Code §1550 requires offer/acceptance, consideration, competent parties, and a lawful object. Witness signatures are not required for an insurance contract to be valid.
Law Reference: Cal. Civ. Code §1550Practice all 315 questions free — no signup required.
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