Exam 19: The Liability Risk
Exam 1: Risk and Its Treatment56 Questions
Exam 2: Insurance and Risk45 Questions
Exam 3: Introduction to Risk Management56 Questions
Exam 4: Advanced Topics in Risk Management50 Questions
Exam 5: Types of Insurers and Marketing Systems44 Questions
Exam 6: Insurance Company Operations50 Questions
Exam 7: Financial Operations of Insurers47 Questions
Exam 8: Government Regulation of Insurance48 Questions
Exam 9: Fundamental Legal Principles55 Questions
Exam 10: Analysis of Insurance Contracts45 Questions
Exam 11: Life Insurance59 Questions
Exam 12: Life Insurance Contractual Provisions56 Questions
Exam 13: Buying Life Insurance45 Questions
Exam 14: Annuities and Individual Retirement Accounts46 Questions
Exam 15: Health-Care Reform; Individual Health Insurance Coverages45 Questions
Exam 16: Employee Benefits: Group Life and Health Insurance54 Questions
Exam 17: Employee Benefits: Retirement Plans47 Questions
Exam 18: Social Insurance56 Questions
Exam 19: The Liability Risk51 Questions
Exam 20: Homeowners Insurance,section I53 Questions
Exam 21: Homeowners Insurance,section II45 Questions
Exam 22: Auto Insurance51 Questions
Exam 23: Auto Insurance and Society42 Questions
Exam 24: Other Property and Liability Insurance Coverages43 Questions
Exam 25: Commercial Property Insurance45 Questions
Exam 26: Commercial Liability Insurance43 Questions
Exam 27: Crime Insurance and Surety Bonds39 Questions
Select questions type
A defendant who is only slightly liable may be required to pay the full amount of damages under which of the following?
Free
(Multiple Choice)
4.9/5
(76)
Correct Answer:
A
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
Free
(Multiple Choice)
4.8/5
(63)
Correct Answer:
A
All of the following are examples of tort reform proposals EXCEPT
Free
(Multiple Choice)
4.8/5
(96)
Correct Answer:
B
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)
4.8/5
(77)
Damages awarded for losses that can be determined or measured are
(Multiple Choice)
4.9/5
(76)
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)
4.9/5
(80)
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)
4.9/5
(82)
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 pure comparative negligence law,how much will Steve collect?
(Multiple Choice)
4.7/5
(68)
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)
4.9/5
(73)
A situation in which a person is held legally liable even though fault or negligence cannot be proven is an example of
(Multiple Choice)
4.8/5
(72)
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)
4.9/5
(92)
Which of the following statements about torts is (are)true?
I.The person who is injured or harmed by a tort is called a plaintiff or claimant.
II.The punishment for committing a tort is damages in the form of money.
(Multiple Choice)
4.9/5
(82)
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,we can conclude that which of the following rules is in force where this trial took place?
(Multiple Choice)
4.7/5
(72)
The Sarbanes-Oxley Act requires which of the following?
I.Accounting firms auditing a company's books must provide other major services to the firm besides auditing services.
II.The company's Chief Executive Officer (CEO)must swear to the accuracy of quarterly and annual financial reports.
(Multiple Choice)
4.8/5
(95)
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)
4.9/5
(96)
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)
4.9/5
(81)
All of the following are proposed solutions to the medical malpractice problem EXCEPT
(Multiple Choice)
5.0/5
(73)
Which of the following may give rise to imputed negligence?
(Multiple Choice)
4.7/5
(88)
Showing 1 - 20 of 51
Filters
- Essay(0)
- Multiple Choice(0)
- Short Answer(0)
- True False(0)
- Matching(0)