Insurance
This is the measure of how likely it is that a loss will occur.
What is risk?
Both parties have a misunderstanding about a fundamental fact in the contract.
What is a mutual mistake?
Formal document is used to request payment for goods or services rendered.
What is an invoice?
This Marvel characterd, swings through New York City as a high school student by day and a superhero by night.
Who is Spider-Man?
This refers to the periodic payment made to keep an insurance policy active.
What is a premium?
One party is mistaken about a material fact in a contract, and the other party is aware of the mistake.
What is a unilateral mistake?
Used to find out information about a business and its product
What is a letter of inquiry?
This 2018 film features a high school student who writes secret love letters to her crushes, only to have them mailed out.
What is "To All the Boys I've Loved Before"?
The concept of spreading risk across many participants in order to minimize the impact of potential losses.
What is pooling?
The legal term for the ability of a party to enter into a contract, often related to age and soundness of mind
What is Capacity?
An internal purchase order
What is a Requisition?
This Pixar film follows a young boy named Miguel who dreams of becoming a musician and finds himself in the Land of the Dead.
What is "Coco"?
This principle requires the insured to provide accurate and truthful information to the insurer.
What is utmost good faith
This type of contract is not written down but is understood through actions and circumstances.
What is an implied contract?
A note from your supplier, letting you know that your goods have been dispated
What is an Advice note?
In this film series, teens are chosen 'as tribute' to compete in a deadly competition for the zone.
What is "The Hunger Games"?
This principle states that insurance should only cover loss, not allow individuals to profit from it.
What is indemnity?
This legal principle allows a party to withdraw from a contract due to misrepresentation or fraud.
What is rescission?
This summarizes all the transactions between a buyer and a seller for a month.
what is a statement of account?
In this film, a young girl sets sail on a daring mission to save her island and find her true identity.
What is "Moana"?