All of the following are true about liability, except:

All of the following are true about liability, except:



a. Liability policies pay costs incurred by an insured to sue negligent third parties


b. The burden of proof is on the injured party to prove that the other party was negligent


c. A loss may take place over a period of time rather than all at once


d. Breach of contract is not considered an act of negligence



Answer: a. Liability policies pay costs incurred by an insured to sue negligent third parties

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees