A promise whereby the assured undertakes that some particular thing shall or shall not be done or that some conditions shall be fulfilled or affirms or negatives the existence of a particular state of facts. This principle of Insurance is known as

🎲 Try a Random Question  |  Total Questions in Quiz: 114  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
CMA Final Exam: Corporate Laws & Compliance — practice the complete quiz, review flashcards, or try a random question.

The exam covers topics such as:
The Companies Act, 2013
Laws and procedures of corporate restructuring
SEBI laws and regulations
The Competition Act, 2002 and its role in corporate governance
Laws related to the banking and insurance sector

Related Tests: 

CMA Foundation Exam: Fundamentals of Laws Practice Test

CMA Intermediate Exam: Laws and Ethics Practice Test

CMA Intermediate Exam: Laws and Ethics Practice Test 2


A promise whereby the assured undertakes that some particular thing shall or shall not be done or that some conditions shall be fulfilled or affirms or negatives the existence of a particular state of facts. This principle of Insurance is known as






ADVERTISEMENT