When only one party is bound to contractual obligations after the premium is paid, the contract is: A. Unilateral. B. Conditional. C. Executory. D. Invalid.

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When only one party is bound to contractual obligations after the premium is paid, the contract is unilateral.

Expert answered|patmarone|Points 2090|

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Asked 11/14/2011 12:39:17 PM

Updated 7/27/2019 8:34:17 PM

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This answer has been confirmed as correct and helpful.

Edited by Masamune [7/27/2019 8:34:15 PM], Confirmed by Masamune [7/27/2019 8:34:16 PM]

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Updated 1/26/2015 1:36:38 AM

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Wallet.ro

The return of premium rider involves the use of increasing term.

Added 1/26/2015 1:36:37 AM