Question

the concept that all parties to a contract are relying upon each other to be honest is known as
consideration
legal purpose
utmost good faith
a warranty
all of the following would have insurable interest exept a/an
neighbor
employer
spouse
business partner
which of the following terms describes restoring the insured to the original condition prior to loss
reimburse
reinstate

Explanation:

1. For the first question: The principle requiring all contract parties to act honestly is defined as utmost good faith. Consideration refers to something of value exchanged, legal purpose means the contract must be lawful, and a warranty is a contractual promise.
2. For the second question: Insurable interest requires a direct financial or personal stake in the insured item/person. Neighbors typically lack this direct stake, while employers, spouses, and business partners have clear financial or personal connections.
3. For the third question: Restoring the insured to their pre-loss condition is the definition of indemnity (note: the visible options are incomplete, but based on standard insurance terms, the correct term aligns with this concept; among the partial options, "Reimburse" relates but the full correct term is indemnity, but based on the context of the question's intent, the core idea is indemnification).

Answer:

1. utmost good faith
2. Neighbor
3. (Note: The provided options are incomplete; the standard term for restoring the insured to the original condition prior to loss is indemnity. Among the visible partial options, "Reimburse" is the closest related term, but full options are needed for a definitive selection.)