Practice question
A nonfraudulent warranty breach occurs only in the middle of the term. The insurer cites Section 76 as automatically proving no coverage ever attached from inception. Which is best?
- Every later breach necessarily existed at inception
- The statute erases all temporal differences
- Only the insurer’s preferred date matters
- The section distinguishes later breach from inception breach
- A warranty cannot ever arise during a term
Legal references
- Insurance Code as amended by RA 10607: https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html; Sections 73-74,76.
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