Which of the Following Losses Is Generally Covered Under a Commercial

question 18

Multiple Choice

Which of the following losses is generally covered under a commercial umbrella policy?

• A)liability arising out of workers compensation laws
• B)liability arising out of pollution
• C)liability arising out of use of a business auto
• D)the cost of recalling defective products

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Definitions:

Disavow the Contract

The act of denying any responsibility or support for the contract, thereby seeking to void the agreement.

Identified to the Contract

Identified to the Contract refers to goods that have been designated as the subject of a sales or service contract.

Revised UCC Article 1

refers to updates or changes made to the first article of the Uniform Commercial Code, which governs sales and commercial transactions in the United States.

Good Faith

A concept implying honesty in intent and fairness in practice, without any intention to deceive or defraud in a transaction or contractual agreement.