CPCU
552 Exam Questions With Correct Answers
/ / / / / /
liability
/loss
/exposure /-
/correct
/answer(s)
/✔✔
/Any
/condition
/or
/situation
/that
/presents
/the
/possibility
/of /
a
/claim
/alleging /legal /responsibility /of /a /person /or /business /for /injury /or /damage /suffered /by /another
/party.
legal
/liability /-
/correct
/answer(s)
/✔✔
/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) /✔✔ /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) /✔✔ /The /branch /of /the /law /that /imposes /penalties /for /wrongs /against
/society.
civil
/wrong /-
/correct
/answer(s)
/✔✔ /
A
/wrong
/against /
a /person /or /persons, /for /which /remedies /include /damages /awarded /to /the /victim /and /court-
ordered /injunctions /to /prevent /further /injury.
crimes /-
/correct /answer(s) /✔✔ /Certain /activities /deemed /by /society /to /be /harmful /to /public /welfare.
damages /-
/correct
/answer(s)
/✔✔
/money
, /claimed
/by,
/or /
a
/monetary
/awarded
/to, /a /party /who /has /suffered /loss /or /injury /for /which /another /party /is /legally /responsible.
tort /-
/correct
/answer(s)
/✔✔ /
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)
/✔✔ /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)
/✔✔ /
A
/tort
/committed
/by /
a
552 Exam Questions With Correct Answers
/ / / / / /
liability
/loss
/exposure /-
/correct
/answer(s)
/✔✔
/Any
/condition
/or
/situation
/that
/presents
/the
/possibility
/of /
a
/claim
/alleging /legal /responsibility /of /a /person /or /business /for /injury /or /damage /suffered /by /another
/party.
legal
/liability /-
/correct
/answer(s)
/✔✔
/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) /✔✔ /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) /✔✔ /The /branch /of /the /law /that /imposes /penalties /for /wrongs /against
/society.
civil
/wrong /-
/correct
/answer(s)
/✔✔ /
A
/wrong
/against /
a /person /or /persons, /for /which /remedies /include /damages /awarded /to /the /victim /and /court-
ordered /injunctions /to /prevent /further /injury.
crimes /-
/correct /answer(s) /✔✔ /Certain /activities /deemed /by /society /to /be /harmful /to /public /welfare.
damages /-
/correct
/answer(s)
/✔✔
/money
, /claimed
/by,
/or /
a
/monetary
/awarded
/to, /a /party /who /has /suffered /loss /or /injury /for /which /another /party /is /legally /responsible.
tort /-
/correct
/answer(s)
/✔✔ /
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)
/✔✔ /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)
/✔✔ /
A
/tort
/committed
/by /
a
