Strict liability Study guides, Class notes & Summaries

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

RAMP Certification Exam Questions and Answers 2022/2023 | Verified Answers1. 1.) Which of the following is NOT a component of RAMP certification? A. Owner/Manager Training B. Server/Seller Training C. New Employee Orientation D. Signage E. Affidavit Request for RAMP Certification F. ALL of the above are RAMP components F. ALL of the above are RAMP components 2. 2.) If a licensee or employee sells to a visibly intoxicated person or minor, he/she could be A. fined by the PLCB B. suspen...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...

RAMP Certification Test Questions and Answers 2024 Latest Updates 1.) Which of the following is NOT a component of RAMP certification? A. Owner/Manager Training B. Server/Seller Training C. New Employee Orientation D. Signage E. Affidavit Request for RAMP Certification F. ALL of the above are RAMP components -Answer: F. ALL of the above are RAMP components 2.) If a licensee or employee sells to a visibly intoxicated person or minor, he/she could be A. fined by the PLCB B...

Negligence - Failure to use the degree of care that a reasonable person of ordinary prudence would use in light of the surrounding facts and circumstances. Imposes a duty on people to use reasonable care to avoid causing foreseeable harm to foreseeable victims. Goal of these laws is to prevent harm by giving people an incentive to think about who their actions may harm and to take steps to avoid causing harm to those people. A plaintiff must prove four elements to establish a claim for neg...

Test Bank for The Legal Environment Today 8e 8th Edition by Roger LeRoy Miller, Frank B. Cross. ISBN-13: 6560 Full Chapters test bank included Unit 1: The Foundations Ch 1: Business and Its Legal Environment Ch 1: Contents Ch 1: Learning Objectives Ch 1: Introduction Business Activities and the Legal Environment Sources of American Law The Common Law Tradition Classifications of Law Ch 1: Key Terms Ch 1: Chapter Summary: Business and Its Legal Environment Ch 1: Issue Spotters...

Strict Liability correct answers -Theory of -- -- started in the 1860s, but has greatly been expanded -Defendant's liability for -- -- is without regard to: Fault, Foreseeability, Standard of Care, or Causation -BASED ON ABNORMALLY DANGEROUS ACTIVITIES IS ONE APPLICATION; ULTRA-DANGEROUS ACTIVITIES; WILD ANIMALS; PRODUCT LIABILITY liable correct answers Owners keeping WILD animals are strictly -- for injuries liable correct answers Persons who keep DOMESTIC animals are -- IF the owner k...

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

Test Bank for Law and Ethics in the Business Environment 9e 9th Edition by Terry Halbert, Elaine Ingulli. Full Chapters test bank included CHAPTER 1 Law, Ethics, & Business: An Introduction Freedom versus Responsibility: A Duty to Rescue? Yania v. Bigan (Pennsylvania, 1959) Justifying the “No Duty to Rescue” Rule ■ John Stuart Mill, “On Liberty” Radical Change? ■ Steven J. Heyman, “The Duty to Rescue: A Liberal-Communitarian Approach” Podias v. Mairs (New Jersey, 200...