The essentialia of a contract are those characteristics which distinguish it from other types of contracts. Which ONE of the following is an essentialia of the insurance contract?

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Answer

an undertaking by the insured to recover compensation only once.

Answer

an undertaking by the insured to give correct answers in the application form.

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an undertaking by the insured to pay a premium.

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an undertaking by the insured not to insure the same riskobject with other insurers.

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