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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Which of the following statements about comparative negligence laws is (are) true?
I.Under the pure rule, any negligence by the plaintiff automatically bars recovery for damages.
II.Under the 50 percent rule, parties who are equally at fault are each allowed to recover damages.
(Multiple Choice)
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One tort reform proposal is capping noneconomic damages. Noneconomic damages include
(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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Which of the following statements about the elements of negligence is (are) true?
I.The negligence of the tortfeasor may arise from a failure to act.
II.The damage that results must be in the form of property damage.
(Multiple Choice)
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In the context of medical malpractice, what is a "never event"?
(Multiple Choice)
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One tort reform permits manufacturers to assert that as long as the product conformed to the prevailing technology and production methods at the time it was produced, it cannot be considered a defective product today. This defense is called the
(Multiple Choice)
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Under one doctrine, a person who understands the danger inherent in an activity cannot recover damages in the event of injury from the activity. This doctrine is called the
(Multiple Choice)
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Which of the following are legal obligations of a property owner with respect to an invitee?
I.The property owner must warn an invitee of any unsafe conditions.
II.The property owner must inspect the premises and eliminate any dangerous conditions revealed by the inspection.
(Multiple Choice)
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A legal wrong for which the law allows a remedy in the form of money damages is a
(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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Alternative techniques for resolving legal disputes without litigation include which of the following?
I.Arbitration
II.Mediation
(Multiple Choice)
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James was injured in an auto accident caused by another motorist's negligence. He received severe facial lacerations and injured his back in the accident. In payment for his pain, suffering, and disfigurement, losses which cannot be specifically itemized, James will receive
(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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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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Nancy was injured when she drove her car through a stop sign and was struck by Philip's car. Philip saw Nancy and could have stopped. However, he failed to do so since he had the right-of-way. Nancy can recover damages from Philip under which of the following legal doctrines?
(Multiple Choice)
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Jan was injured in a work-related auto accident. She sued the other driver, and the case went to court. While questioning Jan, the defendant's lawyer asked if her injuries and lost earnings were covered under workers compensation. Jan's lawyer objected to the question. The judge ruled the question was improper and instructed the jury to disregard the question. Based on the judge's reaction to the question, which of the following rules is in force where this trial took place?
(Multiple Choice)
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