IIA
IIA-CFSA · Question #390
A contract whereby one undertakes to indemnify another or pay a specified amount upon determinable contingencies is called:
The correct answer is C. Insurance. See the full explanation below for the reasoning.
Question
A contract whereby one undertakes to indemnify another or pay a specified amount upon determinable contingencies is called:
Options
- BLoan
- CInsurance
- DTerm deposit
How the community answered
(25 responses)- B20% (5)
- C72% (18)
- D8% (2)
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