Exam 19: The Liability Risk
Exam 1: Risk and Its Treatment62 Questions
Exam 2: Insurance and Risk47 Questions
Exam 3: Introduction to Risk Management60 Questions
Exam 4: Enterprise Risk Management56 Questions
Exam 5: Types of Insurers and Marketing Systems52 Questions
Exam 6: Insurance Company Operations54 Questions
Exam 7: Financial Operations of Insurers48 Questions
Exam 8: Government Regulation of Insurance56 Questions
Exam 9: Fundamental Legal Principles57 Questions
Exam 10: Analysis of Insurance Contracts49 Questions
Exam 11: Life Insurance62 Questions
Exam 12: Life Insurance and Contractual Provisions63 Questions
Exam 13: Buying Life Insurance48 Questions
Exam 14: Annuities and Individual Retirement Accounts51 Questions
Exam 15: Health-Care Reform;individual Health Insurance Coverages49 Questions
Exam 16: Employee Benefits: Group Life and Health Insurance54 Questions
Exam 17: Employee Benefits: Retirement Plans50 Questions
Exam 18: Social Insurance52 Questions
Exam 19: The Liability Risk58 Questions
Exam 20: Auto Insurance58 Questions
Exam 21: Auto Insurance Continued48 Questions
Exam 22: Homeowners Insurance,section I49 Questions
Exam 23: Homeowners Insurance,section II44 Questions
Exam 24: Other Property and Liability Insurance Coverages47 Questions
Exam 25: Commercial Property Insurance49 Questions
Exam 26: Commercial Liability Insurance46 Questions
Exam 27: Crime Insurance and Surety Bonds42 Questions
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Bruce believes a local manufacturer is responsible for contaminating some land he owns.He filed suit against the company.Rather than have the case go to court,the manufacturing company's legal team suggested mediation or arbitration to settle the case.Methods that are employed to resolve legal disputes without litigation,such as mediation,are called
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(Multiple Choice)
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Correct Answer:
B
Situations under which parents can be held liable for the actions of a child include which of the following?
I.The child uses a parent's gun to injure someone.
II.The child is acting as an agent of the parent.
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(Multiple Choice)
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Correct Answer:
C
A legal action in which a plaintiff pursues damages from a defendant on behalf of a group of individuals who have also been harmed is called a
Free
(Multiple Choice)
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Correct Answer:
C
Someone who is asked to come on to the property to benefit the property owner,such as customers at a store or a garbage collector,is classified as a(n)
(Multiple Choice)
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Failure to exercise the degree of care required by law to protect others from harm is called
(Multiple Choice)
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A person who enters or remains on the property with the occupant's expressed or implied permission is called (a)n
(Multiple Choice)
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Legal liability arising out of "driverless cars" is a developing issue.Another name for "driverless cars" is
(Multiple Choice)
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Under common law,which of the following persons is most likely to be classified as an invitee?
(Multiple Choice)
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Trisha was injured when the delivery truck for a local furniture store struck her.The delivery driver claimed the brakes of the delivery truck failed,causing the accident.Trisha filed suit,and in her lawsuit named the delivery driver,the furniture store,the service station responsible for vehicle maintenance,and the manufacturer of the vehicle.Even though the manufacturer of the vehicle may be only 1 percent responsible for the accident,it may be required to pay a large percentage of the damages under the
(Multiple Choice)
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All of the following requirements must be met to satisfy the doctrine of res ipsa loquitur EXCEPT
(Multiple Choice)
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All of the following are examples of tort reform proposals EXCEPT
(Multiple Choice)
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Which of the following statements about the legal obligations of a property owner is (are)true?
I.A property owner must inspect the premises for the benefit of an invitee and correct any unsafe conditions.
II.A property owner has the right to set a trap designed to injure a trespasser.
(Multiple Choice)
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Michelle had major abdominal surgery.Months after the surgery,she still did not feel well.When she was operated on again,the surgeon discovered two sponges that were not removed at the conclusion of the first operation.Michelle should be able to collect damages without having to prove negligence under the doctrine of
(Multiple Choice)
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Francis opened a store.She knows that customers who come to the store may be injured on the premises and hold her responsible for their injuries.Under common law,business customers in the store Francis opened are considered
(Multiple Choice)
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Steve was involved in an auto accident.Both drivers were partially at fault for the accident.Steve's actual damages were $50,000.He was judged to be 20 percent at fault.If Steve's state has a contributory negligence law,how much will Steve collect?
(Multiple Choice)
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Steve was involved in an auto accident.Both drivers were partially at fault for the accident.Steve's actual damages were $50,000.He was judged to be 60 percent at fault.If Steve's state has a 51 percent rule for comparative negligence,how much will Steve collect?
(Multiple Choice)
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In the context of medical malpractice,what is a "never event"?
(Multiple Choice)
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Louise was in a hurry and tried to cross the street in the middle of the block rather than at a street corner.A car struck her.Even though Louise placed herself in danger,she may still be able to collect for her injuries if the driver had an opportunity to avoid hitting her but failed to do so.This rule is called the
(Multiple Choice)
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