the insurer makes the legally enforceable promises in a unilateral insurance policy.
the insurer makes the legally enforceable promises in a unilateral insurance policy.
who makes the legally enforceable promises in a unilateral insurance policy?
the insurer
bullet::::- insurance contracts are unilateral, meaning that only the insurer makes legally enforceable promises in the contract. the insured is not required to pay the premiums, but the insurer is required to pay the benefits under the contract if the insured has paid the premiums and met certain other basic provisions.
insurance policy
even more so as the debtor later discovered, when he realised that the original hire purchase agreement was illegal and not legally enforceable. as the original contract was not legally enforceable, couch also refused to pay under the forbearance agreement on the basis that as there was no legally enforceable agreement to sue in the first place, meant that forbearing to sue under that contract was not consideration for entering into the subsequent forbearance agreement.
couch v branch investments (1969) ltd