The price that a willing buyer would pay a willing seller, neither being under any compulsion to sell or buy.
The price that a willing buyer would pay a willing seller, neither being under any compulsion to sell or buy.
An insurance policy is said to be voidable where circumstances exist that entitle either one of the parties to “avoid the contract”. It is usually the Insurer who finds himself in this position when there has been a breach of ‘utmost good faith’ by the Insured.