Having 50 Gallons of Gasoline in Your Garage Is A

question 30

Multiple Choice

Having 50 gallons of gasoline in your garage is a:

• A)peril
• B)moral hazard
• C)pure risk
• D)physical hazard

---

Definitions:

Bank Loan

A sum of money lent by a bank to an individual or organization under the agreement that it will be repaid with interest.

Sole Proprietorship

A business structure in which a single individual both owns and operates the business, bearing full responsibility for its debts and obligations.

Automatic Dissolve

A process by which a company or partnership ends its existence without formal action or legal proceedings due to predetermined conditions being met.

Transfer to Heirs

The process by which ownership of property or assets is legally passed from a deceased person to their designated inheritors or next of kin.