Podcast
Questions and Answers
Who can possess insurable interest in property through their security interests?
Who can possess insurable interest in property through their security interests?
What is an example of an insurable interest based on a legal relationship with the subject of insurance?
What is an example of an insurable interest based on a legal relationship with the subject of insurance?
Which of the following is a component of liability coverage in property insurance policies?
Which of the following is a component of liability coverage in property insurance policies?
Who does liability coverage in property insurance policies protect against accidental property damage caused by?
Who does liability coverage in property insurance policies protect against accidental property damage caused by?
Signup and view all the answers
What is the term for holding a person liable for damages caused by their actions or products, even if they were not at fault?
What is the term for holding a person liable for damages caused by their actions or products, even if they were not at fault?
Signup and view all the answers
Which relationship is necessary for the principle of vicarious liability to apply?
Which relationship is necessary for the principle of vicarious liability to apply?
Signup and view all the answers
What is another term for absolute liability?
What is another term for absolute liability?
Signup and view all the answers
Which type of liability holds the defendant responsible for the consequences flowing from an activity even in the absence of fault or criminal intent?
Which type of liability holds the defendant responsible for the consequences flowing from an activity even in the absence of fault or criminal intent?
Signup and view all the answers
Under what circumstances may a person be held liable under strict liability?
Under what circumstances may a person be held liable under strict liability?
Signup and view all the answers
What does the principle of vicarious liability mean?
What does the principle of vicarious liability mean?
Signup and view all the answers
What is the rule of absolute liability?
What is the rule of absolute liability?
Signup and view all the answers
What is the main characteristic of absolute liability?
What is the main characteristic of absolute liability?
Signup and view all the answers