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Presentation topics: Law of Contract
Course title: Principle Of Insurance
Course Code: FIN 201
Law of Contract

          &

Contract Defined
Types Of Contract

1.Simple contract
2.Specialty Contract
3.Contract of Record
Essential Elements Of Simple Contract

1.Unrevoked offer
2.Unqualified Acceptance
3.Consideration
4.Consencus ad idem
5.Capacity of contract
6.Legality of objects
Specialty contract




Contract Of record
Contract Of Insurance




Subject matter Of insurance & insurance
Contract
Difference Between Insurance & wagering


1.legality
2.Faith
3.Events Take place
4.Insurable Interest
5.Indemnity
6.Assume loss
7.Desire of parties
Assignment


1.Assignment of Policy Proceeds only

2.Assignment Of Policy
Fire & Accidental Insurance

    Marine Insurance

      Life Insurance
THANKS TO ALL

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