D. Liability Flashcards
1
Q
Imposed on defendants engaged in hazardous activities, such as harboring wild animals, using explosives, etc
A
Absolute Liability
2
Q
A person or business that manufactures or sells a product makes an implied warranty that the product is safe.
A
Strict Liability
3
Q
Transfer of liability from one person to another person
A
Vicarious Liability
4
Q
Maximum amount of money the insurance company will pay for a particular loss
A
Limits of Liability
5
Q
Aggregate limit
A
Maximum limit of coverage available under a liability policy
6
Q
Proximate cause
A
The negligence must have been the proximate cause of the damage in the injured party is to collect for the damage (Direct Liability)
7
Q
Specifies the amount and types of insurance provided
A
Certificate of insurance
8
Q
A
