BU353 Study Guide - Final Guide: Absolute Liability, Vehicle Insurance, Contract
Document Summary
Bu353 final exam review questions: there are four elements that must exist for a negligence suit to be successful. Describe these four elements: legal duty, breach of duty, proximate cause, injury to plaintiff. Legal duty to stop at a traffic light. What a reasonable person would have done. Foreseeability; injury occurred due to the defendant"s actions. The liability of a wrongdoer"s automobile insurance company to pay someone harmed by the wrongdoer, even if the wrongdoer has violated the terms of the insurance policy, for example, by driving with an expired license. This is subject to a limit, usually ,000, and the requirement that the wrongdoer is in violation of the contract must reimburse the insurer: what coverages are provided under section i and section ii of the homeowners. Permanent life insurance is when the sum assured is due to be paid out at the end of the policy and the policy accrues a cash value.
