Question
There is a school by the side of the road. Three
children of nursery class stray away from the school on to the road. A truck driver, who was driving the truck at a normal speed, notices the children. While trying to save the children, the truck hits a shop and an injury is caused to one person. Which of the following assertions correctly represent the law?Solution
ESSENTIALS OF NEGLIGENCE: - In an action for negligence, the plaintiff has to prove the following essentials: 1. Duty to take care; 2. Duty must be towards the plaintiff; 3. Breach of duty to take care; 4. That the breach of such duty was the direct and proximate cause of the damage alleged.
The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
Which of the following is NOT a typical type of insurance claim?
The insurance in which risks are shared between multiple insurers is known as?
Which among the following is not a characteristic of ethical behaviour?
As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?
Which of the following insurance is mainly used for leased cars?
Which type of insurance usually requires higher premium ?
A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependents is called?
An insurance cover that is linked with credit activities and aims to protect the credit is called?
Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?