Jamie has an automobile policy with limits of $50,000 per person and $100,000 per occurrence. An accident occurs and two people are injured, one with $25,000 in injuries and the other with $75,000 in injuries. If Jaime is found responsible, what is the maximum amount his policy will pay for the injuries?

a. $50,000

b. $75,000

c. $100,000

d. $0; the injured parties' policy will pay for their injuries

Answer: b. $75,000

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The voluntary relinquishment of a legal right is called
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