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| Q. |
Which of the following is the similarity between insurance and gambling: |
| A. | The amount of loss to be paid is known before hand. |
| B. | Promise to pay on the happening of the event |
| C. | Both the parties win on happening of an event. |
| D. | Both are enforceable at law. |
| Answer» A. The amount of loss to be paid is known before hand. | |
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