CISR Commercial Casualty I Lesson Exam 48 Questions with Answers,100% CORRECT
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CISR Commercial Casualty I Lesson
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CISR Commercial Casualty I Lesson
CISR Commercial Casualty I Lesson Exam 48 Questions with Answers
Legal Liability - CORRECT ANSWER A 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...
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CISR Commercial Casualty I Lesson Exam 48 Questions with
Answers
Legal Liability - CORRECT ANSWER A 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.
Name the four requirements of a negligent tort (long version) - CORRECT
ANSWER 1. 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) - CORRECT ANSWER 1. Duty
owed, 2. Breach of Duty, 3. Proximate Cause, 4. Damages
Intentional Tort Definition - CORRECT ANSWER An 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.
Strict Liability (Tort) Definition - CORRECT ANSWER Concept 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 - CORRECT ANSWER Has
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) - CORRECT ANSWER A 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 - CORRECT ANSWER When 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 the person or organization engaging in the activity, even
what every precaution to prevent or reduce damages has been taken. All that has
to be proved is that an injury or damage occurred because of the activities.
Absolute Liability (Tort) Examples - CORRECT ANSWER 1. Explosive or blasting
operations, 2. Dangerous animals, 3. Hazardous material operations
Statutory Liability Definition - CORRECT ANSWER Liability arising out of specific
rules or laws (statutes) enacted by a legislative body providing direction or
prohibition.
Statutory Liability Examples - CORRECT ANSWER 1. Workers Compensation
Statutes, 2. Dram Shop or Liquor Liability Statutes, 3. Environmental Protection
Statutes, 4. Americans With Disabilities Act, related rulings and state statutes, 5.
Employment Liability through statutes and EEOC rulings
Contract Definition - CORRECT ANSWER An agreement between two or more
parties, which creates and obligation to do or not to do a particular thing. Often in
contracts, one party assumes the financial consequences of certain liabilities of
another.
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