CISR Commercial Casualty I Lesson 1
L Exam 100% Answered.
Legal Liability - ANSWERA responsibility or obligation to others, which courts
recognize and enforce. In general failure to meet this duty often results in the
imposition of monetary damages.
3 Types of Legal Liability - ANSWERTort Liability, Statutory Liability, Contractual
Liability
4 Types of Tort Liability - ANSWERNegligence, Intentional Torts, Strict Liability,
Absolute Liability
Name the four requirements of a negligent tort (long version) - ANSWER1. Duty
owed by negligent party to another party, 2. Breach of that Duty, 3. Actual Injury or
Loss must occur, 4. There has to be a close cause and effect (proximate cause)
relationship between the breach of that duty and the injury or loss.
4 requirements of a negligent tort (short version) - ANSWER1. Duty owed, 2. Breach
of Duty, 3. Proximate Cause, 4. Damages
Intentional Tort Definition - ANSWERAn intentional or voluntary act where the person
or organization committing the act is expressly or implicitly deemed to have
possessed intent or purpose to injure. The person or organization committing the act
can be held legally liable for that injury or loss.
Intentional Tort Examples - ANSWER1. Libel, 2. Slander, 3. Wrongful entry or
wrongful eviction, 4. Assault and/or battery, 5. Wrongful detention, 6. False Arrest, 7.
Copyright infringement, trademark infringement, etc...
Strict Liability (Tort) Definition - ANSWERConcept applied by the courts in product
liability suits in which a manufacturer, distributor or seller is liable for any and all
defective or hazardous products that unduly threaten a consumer's health and
safety.
Strict Liability (Tort-Products Liability) Coverage trigger - ANSWERHas to be proved
that the product that caused the damage was defective and the defect rendered that
product unreasonably dangerous. The element of proximate cause is not applicable.
Defective Product (Tort-Strict/Products Liability) - ANSWERA defect in manufacture,
design or failure to adequately warn of a hazard involved in the foreseeable use of
the product. (ladder that only holds 250 pounds but doesn't have that clearly
displayed as a warning on the product)
Absolute Liability (Tort) Definition - ANSWERWhen conditions or activities are
inherently dangerous. Liability without regard to fault. Certain activities create such a
serious risk of harm that it is justifiable to place liability for any injury or damage on
L Exam 100% Answered.
Legal Liability - ANSWERA responsibility or obligation to others, which courts
recognize and enforce. In general failure to meet this duty often results in the
imposition of monetary damages.
3 Types of Legal Liability - ANSWERTort Liability, Statutory Liability, Contractual
Liability
4 Types of Tort Liability - ANSWERNegligence, Intentional Torts, Strict Liability,
Absolute Liability
Name the four requirements of a negligent tort (long version) - ANSWER1. Duty
owed by negligent party to another party, 2. Breach of that Duty, 3. Actual Injury or
Loss must occur, 4. There has to be a close cause and effect (proximate cause)
relationship between the breach of that duty and the injury or loss.
4 requirements of a negligent tort (short version) - ANSWER1. Duty owed, 2. Breach
of Duty, 3. Proximate Cause, 4. Damages
Intentional Tort Definition - ANSWERAn intentional or voluntary act where the person
or organization committing the act is expressly or implicitly deemed to have
possessed intent or purpose to injure. The person or organization committing the act
can be held legally liable for that injury or loss.
Intentional Tort Examples - ANSWER1. Libel, 2. Slander, 3. Wrongful entry or
wrongful eviction, 4. Assault and/or battery, 5. Wrongful detention, 6. False Arrest, 7.
Copyright infringement, trademark infringement, etc...
Strict Liability (Tort) Definition - ANSWERConcept applied by the courts in product
liability suits in which a manufacturer, distributor or seller is liable for any and all
defective or hazardous products that unduly threaten a consumer's health and
safety.
Strict Liability (Tort-Products Liability) Coverage trigger - ANSWERHas to be proved
that the product that caused the damage was defective and the defect rendered that
product unreasonably dangerous. The element of proximate cause is not applicable.
Defective Product (Tort-Strict/Products Liability) - ANSWERA defect in manufacture,
design or failure to adequately warn of a hazard involved in the foreseeable use of
the product. (ladder that only holds 250 pounds but doesn't have that clearly
displayed as a warning on the product)
Absolute Liability (Tort) Definition - ANSWERWhen conditions or activities are
inherently dangerous. Liability without regard to fault. Certain activities create such a
serious risk of harm that it is justifiable to place liability for any injury or damage on
