Professional liability insurance is written on forms developed by individual insurers
and as a result may differ considerably. Although they differ, the policies all provide
for
Select one:
A. Coverage for the same professional acts and consequences.
B. Insurance for the same professional persons and organizations.
C. The same coverage territories and policy exclusions.
D. Coverage for rendering or failing to render professional services.
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D. They all provide coverage for rendering or failing to render professional
services.
Georgia is handling an auto liability claim in which the claimant has several serious,
debilitating injuries. The case has become very emotional, which has forced the sides
,to lose track of determining a fair settlement. Georgia's best bet would be to
Select one:
A. Request a roundtable to obtain consensus from others.
B. Calculate a BATNA to motivate the parties toward settlement.
C. Calculate the value using the formula method to simplify the process.
D. Use an expert system to determine the severity points of the factors.
Give this one a try later!
B. Calculate a BATNA to motivate the parties toward settlement. The
greatest value of the BATNA is that it forces insurers to consider the
financial consequences of not reaching a settlement.
Alex buys a chemistry set for his daughter, Beatrice. When Beatrice tries one of the
experiments, she accidentally adds the wrong component to the mixture. The
resulting reaction causes the experiment to explode and seriously injury Beatrice.
Alex's hires an attorney who brings a lawsuit against the chemistry set manufacturer. In
the lawsuit, the attorney maintains that the manufacturer
Select one:
A. Demonstrated an intent to cause harm.
B. Was guilty of negligent design.
C. Was guilty of negligent manufacture.
D. Breached an absolute duty of safety.
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D. Breached an absolute duty of safety. Strict liability applies most often to
products or ultrahazardous activities. Proof of either negligence or an
intent to harm is not required.
, Ida asks Oliver to keep her dog for a week while she goes on vacation. In this
situation, with respect to the dog, Oliver owes Ida a duty of
Select one:
A. Slight care.
B. Great care.
C. Ordinary care.
D. No care.
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A. Slight care. In a bailment for the sole benefit of the bailor, the bailee
owed the bailor a duty of slight care.
Charlotte hosts a charity event and allows Cristobal to set up a bar and charge
attendees for drinks. Georgia buys a whiskey from Cristobal for her friend, Juhani, who
leaves the party intoxicated and injures Mikael in an accident. Mikael would most likely
have the strongest case against
Select one:
A. Cristobal.
B. Georgia.
C. Charlotte
D. The distiller.
Give this one a try later!
A. Cristobal. Generally, courts have assigned more liability to parties who
provide liquor to intoxicated parties than to those who manufacture the
liquor. As a general rule, social hosts are not held to the same degree of
responsibility for acts of their guests as those who provide liquor for a
profit.
and as a result may differ considerably. Although they differ, the policies all provide
for
Select one:
A. Coverage for the same professional acts and consequences.
B. Insurance for the same professional persons and organizations.
C. The same coverage territories and policy exclusions.
D. Coverage for rendering or failing to render professional services.
Give this one a try later!
D. They all provide coverage for rendering or failing to render professional
services.
Georgia is handling an auto liability claim in which the claimant has several serious,
debilitating injuries. The case has become very emotional, which has forced the sides
,to lose track of determining a fair settlement. Georgia's best bet would be to
Select one:
A. Request a roundtable to obtain consensus from others.
B. Calculate a BATNA to motivate the parties toward settlement.
C. Calculate the value using the formula method to simplify the process.
D. Use an expert system to determine the severity points of the factors.
Give this one a try later!
B. Calculate a BATNA to motivate the parties toward settlement. The
greatest value of the BATNA is that it forces insurers to consider the
financial consequences of not reaching a settlement.
Alex buys a chemistry set for his daughter, Beatrice. When Beatrice tries one of the
experiments, she accidentally adds the wrong component to the mixture. The
resulting reaction causes the experiment to explode and seriously injury Beatrice.
Alex's hires an attorney who brings a lawsuit against the chemistry set manufacturer. In
the lawsuit, the attorney maintains that the manufacturer
Select one:
A. Demonstrated an intent to cause harm.
B. Was guilty of negligent design.
C. Was guilty of negligent manufacture.
D. Breached an absolute duty of safety.
Give this one a try later!
D. Breached an absolute duty of safety. Strict liability applies most often to
products or ultrahazardous activities. Proof of either negligence or an
intent to harm is not required.
, Ida asks Oliver to keep her dog for a week while she goes on vacation. In this
situation, with respect to the dog, Oliver owes Ida a duty of
Select one:
A. Slight care.
B. Great care.
C. Ordinary care.
D. No care.
Give this one a try later!
A. Slight care. In a bailment for the sole benefit of the bailor, the bailee
owed the bailor a duty of slight care.
Charlotte hosts a charity event and allows Cristobal to set up a bar and charge
attendees for drinks. Georgia buys a whiskey from Cristobal for her friend, Juhani, who
leaves the party intoxicated and injures Mikael in an accident. Mikael would most likely
have the strongest case against
Select one:
A. Cristobal.
B. Georgia.
C. Charlotte
D. The distiller.
Give this one a try later!
A. Cristobal. Generally, courts have assigned more liability to parties who
provide liquor to intoxicated parties than to those who manufacture the
liquor. As a general rule, social hosts are not held to the same degree of
responsibility for acts of their guests as those who provide liquor for a
profit.
