Consider the following statements with regard to "uberrimae feidei" and find out which of them is correct.
1. It falls within a class of cases which require utmost good faith
2. Every contract is a contract uberrimae feidei
3. A contract of insurance is an example of uberrimae feidei

Consider the following statements with regard to "uberrimae feidei" and find out which of them is correct.
1. It falls within a class of cases which require utmost good faith
2. Every contract is a contract uberrimae feidei
3. A contract of insurance is an example of uberrimae feidei Correct Answer 1 and 3 only

Related Questions

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
True, It is the function of the army to maintain law and order in abnormal times. But in normal times there is another force that compels citizens to obey the laws and to act with due regard to the rights of others. The force also protects the lives and the properties of law abiding men. Laws are made to secure the personal safety of its subjects and to prevent murder and crimes of violence. They are made to secure the property of the citizens against theft and damage to protect the rights of communities and castes to carry out their customs and ceremonies, so long as they do not conflict with the rights of others. Now the good citizen, of his own free will obey these laws and he takes care that everything he does is done with due regard to the rights and well-being of others. But the bad citizen is only restrained from breaking these laws by fear of the consequence of his actions. And the necessary steps to compel the bad citizen to act as a good citizen are taken by this force. The supreme control of law and order in a State is in the hands of a Minister who is responsible to the State Assembly and acts through the Inspector General of Police.
"They are made to secure the property of citizens against theft and damage" means that the law: