Liability Arising Out of Which of the Following Is Covered

question 19

Multiple Choice

Liability arising out of which of the following is covered under Coverage E of an unendorsed Homeowners 3 policy?

• A)use of the insured's auto on a public road
• B)use of the insured's golf cart at a golf course
• C)use of the insured's motorcycle on a highway
• D)use of the insured's 40-foot boat with a 200 horsepower engine

---

Definitions:

Market Equilibrium

A situation in which market supply equals market demand, so there is no incentive for price changes unless external conditions change.

Great Depression

A severe worldwide economic downturn during the 1930s, marked by prolonged unemployment, deflation, and significant declines in economic activity.

Economic Principle

Fundamental concepts that underpin the study and practice of economics, such as supply and demand or the cost-benefit analysis.

Productive Capacity

The maximum output a firm or economy can produce with its current level of resources and technology.