Question
In the context of insurance, which tort principle holds
a person liable for damages caused by their failure to exercise reasonable care leading to loss of insured property?Solution
Negligence is the tort principle where a person is liable for harm caused by their failure to exercise reasonable care, resulting in damage or loss to another. • In insurance, negligence can lead to claims for damages when a party’s careless act causes loss to insured property (e.g., a driver causing an accident damaging an insured vehicle). • The insurer may seek to recover from the negligent party if the loss is covered under the policy. • Liability arises when the defendant owed a duty of care, breached it, and caused foreseeable damage.
The National Electronic Funds Transfer (NEFT) system processed a record high number of transactions in a day on February 29 this year. How many transac...
What is the minimum number of members required to be incorporated as a Nidhi company?
The managerial leadership style is better known as ___________
Which of the following correctly describes the nature of a plant manager’s salary?
Which of the following SDG Goals talk about Reducing inequalities within and among countries?
The purchase of bonds and shares of Indian companies by Foreign Institutional investors is known as___
What is the term for the ability to make independent and informed choices about one's actions?
U nder the Vishwakarma scheme , c ollateral free credit can be provided up to ____________ , in the first tranche, to the artisans and craftspeople iden...
Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding are 40000 at a market price of 18 per share. What i...
Ratio of change in the price of a call option to a change in price of underlying asset is called:
