Exam 19: The Liability Risk
Exam 1: Risk and Its Treatment59 Questions
Exam 2: Insurance and Risk47 Questions
Exam 3: Introduction to Risk Management60 Questions
Exam 4: Enterprise Risk Management and Related Topics56 Questions
Exam 5: Types of Insurers and Marketing Systems46 Questions
Exam 6: Insurance Company Operations52 Questions
Exam 7: Financial Operations of Insurers48 Questions
Exam 8: Government Regulation of Insurance51 Questions
Exam 9: Fundamental Legal Principles57 Questions
Exam 10: Analysis of Insurance Contracts49 Questions
Exam 11: Life Insurance60 Questions
Exam 12: Life Insurance Contractual Provisions60 Questions
Exam 13: Buying Life Insurance48 Questions
Exam 14: Annuities and Individual Retirement Accounts50 Questions
Exam 15: Health-Care Reform; Individual Health Insurance Coverages47 Questions
Exam 16: Employee Benefits: Group Life and Health Insurance53 Questions
Exam 17: Employee Benefits: Retirement Plans50 Questions
Exam 18: Social Insurance59 Questions
Exam 19: The Liability Risk56 Questions
Exam 20: Auto Insurance55 Questions
Exam 21: Auto Insurance (continued)46 Questions
Exam 22: Homeowners Insurance, Section I58 Questions
Exam 23: Homeowners Insurance, Section II48 Questions
Exam 24: Other Property and Liability Insurance Coverages47 Questions
Exam 25: Commercial Property Insurance47 Questions
Exam 26: Commercial Liability Insurance46 Questions
Exam 27: Crime Insurance and Surety Bonds42 Questions
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A situation in which a person is held legally liable even though fault or negligence cannot be proven is an example of
(Multiple Choice)
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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.
(Multiple Choice)
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Which of the following may give rise to imputed negligence?
(Multiple Choice)
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Under a dram shop law, a business may be held liable for damages resulting from
(Multiple Choice)
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All of the following are examples of tort reform proposals EXCEPT
(Multiple Choice)
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A homeowner was repairing the deck on the back of his home. He left power tools on the deck when he quit working for the day. A neighbor's child saw the power tools. He came on to the deck, and started to play with a power saw. He cut off two of his fingers. A property owner may be held liable for creating a condition that entices children to enter the property where they are injured under the doctrine of
(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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Which of the following statements about monetary damages awarded by a court is (are) true?
I.The purpose of general damages is to provide benefits for medical expenses or loss of earnings.
II.The purpose of punitive damages is to punish the tortfeasor so that others are deterred from committing the same wrongful act.
(Multiple Choice)
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All of the following are proposed solutions to the medical malpractice problem EXCEPT
(Multiple Choice)
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Traditionally, federal state, and local governments could not be sued. This immunity had eroded over time. Today, government units may be liable for injuries arising out of money-making activities. Such activities are called
(Multiple Choice)
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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
(Multiple Choice)
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One requirement for proving that an act was negligent is the existence of an unbroken chain of events between the act and the injury or harm that occurred. This unbroken chain of events is called
(Multiple Choice)
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A common situation involving strict liability includes which of the following?
(Multiple Choice)
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Under certain conditions, the wrongful acts of one person can be attributed to another person. This practice is called
(Multiple Choice)
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Malcolm was involved in an auto accident. He was judged to be 20 percent at fault in the accident, and the other party was judged to be 80 percent at fault. Malcolm's actual damages were $40,000. Under a pure comparative negligence rule, how much will Malcolm receive for his injuries?
(Multiple Choice)
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A defendant who is only slightly liable may be required to pay the full amount of damages under which of the following?
(Multiple Choice)
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Liability may arise because of a method of collecting oil or natural gas. Under this collection method, a high-pressure flow of fluid is injected underground. This collection method is called
(Multiple Choice)
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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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