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AINS 102 UPDATED PT 1 Questions & Answers
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AINS 102 UPDATED PT 1 Questions & Answers Which one of the following is considered real property? Select one: A.
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AINS QUESTIONS WITH CORRECT ANSWERSVERIFIED AND UPDATED
All of the following items are examples of
personal property, EXCEPT: Select one:
A, Sports equipment
B, Silverware
1
,C, A fishing boat
D, Underground pipes - ✔✔Underground
pipes
Which one of the following statements
regarding assets exposed to loss is true?
Select one:
A, Real property includes only tangible
property,Correct, All real property is
tangible property having a physical form
that can be seen or touched, Personal
property can include intangible property
such as patents or copyrights,
2
,B, Earthquake damage to a swimming pool
is an example of a personal property loss
exposure,
C, Personal property includes only tangible
property,
D, Hail damage to a motor vehicle is an
example of a real property loss exposure, -
✔✔A, Real property includes only tangible
property,
Sophie was involved in an auto accident
with another vehicle, The driver of the
3
, other vehicle was seriously injured, The
individual spent 10 days in the hospital,
missed 2 months of work, and continues to
experience mental distress, The other
vehicle was also damaged, with repair costs
of
$5,000, It was determined that Sophie was
liable for the damages because she ran a
red light and caused the accident, Which
one of the following damages would be
considered general damages?
Select one:
A, Damages to the vehicle
4
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