All of the Following Are Characteristics of the Liability Risk

question 61

Multiple Choice

All of the following are characteristics of the liability risk that most people face EXCEPT

• A)a lien may be placed on your income and assets to satisfy a legal judgment.
• B)substantial legal expenses may be incurred defending the claim.
• C)there is no upper limit on the amount of the loss.
• D)owning liability insurance eliminates the possibility of being held legally liable.