In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. what contract element does this describe?

Unilateral is the contract element described here.

Explanation:

Insurance policy is a contract made between the insurer, insure and the insured.

Unilateral contract element is generally one-sided. In unilateral contract the enforceable promises are made by only one party.

The insurance contract is accepted only when the insurance company accepts a prepaid application that is the insurance fee should be paid in advance of the coverage period. Under unilateral contract, the one who purchases the insurance policies is not legally guaranteed to any particular action mentioned in the insurance contract, but the insurance company is legally responsible to pay the losses that are covered by the policy.

an aneroid barometer is different from a mercury barometer in that it provides readings that increase as air pressure increases.

hope it : )

i believe the answer is: returns on investments, no wages

people who belong in upper class society would most likely get there by obtaining multiple source of income, which a certain percentage of ownership for businesses. since most of them are job creator, they would most likely get their money from profit, not wages.