CPCU
552 Exam Questions With Correct Answers
/ / / / / /
Liability /loss /- /correct /answer(s) /✔✔ /(1-
1)
/any
/loss
/that /
a
/person
/or
/an
/organization
/sustains
/as /
a
/result
/of /
a
/claim
/or
/suit
/against
/that
/person
/or /organization /by /someone /seeking /damages /or /some /other /remedy /permitted /by /law
Legal /liability /- /correct /answer(s) /✔✔ /(1-
2)
/the
/legally
/enforceable
/obligation
/of /
,a
/person
/or
/an /organization /to /pay /a /sum /of /money /(called /damages) /to /another /person /or /organization
Civil /law /- /correct /answer(s) /✔✔ /(1-
3) /
a
/classification
/of
/law
/that
/applies
/to
/legal
/matters
/not
/governed
/by
/criminal
/law /and /that /protects /rights /and /provides /remedies /for /breaches /of /duties /owed /to /others.
Criminal /law /- /correct /answer(s) /✔✔ /(1-
4) /the /branch /of /the /law /that /imposes /penalties /for /wrongs /against /society
Tort /- /correct /answer(s) /✔✔ /(1-
5) /
a
/wrongful
/act
/or
/an
/omission, /other /than /a /crime /or /a /breach /of /contract, /that /invades /a /legally /protected /right
, Negligence /- /correct /answer(s) /✔✔ /(1-
6)
/the
/failure
/to
/exercise
/the
/degree
/of
/care /that /a /reasonable /person /in /a /similar /situation /would /exercise /to /avoid /harming /others
Intentional /tort /- /correct /answer(s) /✔✔ /(1-
7) /
a
/tort
/committed
/by /
a
/person
/who /foresees /(or /should /be /able /to /foresee) /that /his/her /act /will /harm /another /person
Strict /liability /(absolute /liability) /- /correct /answer(s) /✔✔ /(1-
8)
/liability
/imposed
/by /
a
/court
/or
/by /
a
/statute
/in
/the
/absence
/of
552 Exam Questions With Correct Answers
/ / / / / /
Liability /loss /- /correct /answer(s) /✔✔ /(1-
1)
/any
/loss
/that /
a
/person
/or
/an
/organization
/sustains
/as /
a
/result
/of /
a
/claim
/or
/suit
/against
/that
/person
/or /organization /by /someone /seeking /damages /or /some /other /remedy /permitted /by /law
Legal /liability /- /correct /answer(s) /✔✔ /(1-
2)
/the
/legally
/enforceable
/obligation
/of /
,a
/person
/or
/an /organization /to /pay /a /sum /of /money /(called /damages) /to /another /person /or /organization
Civil /law /- /correct /answer(s) /✔✔ /(1-
3) /
a
/classification
/of
/law
/that
/applies
/to
/legal
/matters
/not
/governed
/by
/criminal
/law /and /that /protects /rights /and /provides /remedies /for /breaches /of /duties /owed /to /others.
Criminal /law /- /correct /answer(s) /✔✔ /(1-
4) /the /branch /of /the /law /that /imposes /penalties /for /wrongs /against /society
Tort /- /correct /answer(s) /✔✔ /(1-
5) /
a
/wrongful
/act
/or
/an
/omission, /other /than /a /crime /or /a /breach /of /contract, /that /invades /a /legally /protected /right
, Negligence /- /correct /answer(s) /✔✔ /(1-
6)
/the
/failure
/to
/exercise
/the
/degree
/of
/care /that /a /reasonable /person /in /a /similar /situation /would /exercise /to /avoid /harming /others
Intentional /tort /- /correct /answer(s) /✔✔ /(1-
7) /
a
/tort
/committed
/by /
a
/person
/who /foresees /(or /should /be /able /to /foresee) /that /his/her /act /will /harm /another /person
Strict /liability /(absolute /liability) /- /correct /answer(s) /✔✔ /(1-
8)
/liability
/imposed
/by /
a
/court
/or
/by /
a
/statute
/in
/the
/absence
/of
