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hello are you studying for your insurance exam either life and health or property and casualty personal lines or general lines do you want to learn about the terms alleatory adhesion unilateral conditional well were going to handle those on this video be sure to stick around to the end and well cover a couple practice questions also to get you ready to pass that test lets get started [Applause] [Music] welcome back so this is part two be sure you took a look at part one ill reference it right up there and in part one we talked about the elements that applied to all contracts legal purpose offered acceptance consideration competent parties now in this video were going to look at the elements that apply to insurance policies thats going to be allitory adhesion unilateral conditional take a look at all of those lets go ahead and jump into it starting with alliatory what is an alleatory contract an alliatory contract is a contract that is unequal its an unequal exchange of values a