Which of the Following Statements About Unsatisfied Judgment Funds Is

question 38

Multiple Choice

Which of the following statements about unsatisfied judgment funds is (are) true?
I.An accident victim must obtain a judgment against the motorist who caused an accident and must show the judgment cannot be collected.
II.The major disadvantage is that the negligent uninsured motorist is relieved of legal liability.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Trust

A legal relationship in which a person who has legal title to property has the duty to hold it for the use or benefit of another person. The term is also used in a general sense to mean confidence reposed in one person by another.

Durable Power

A legal document that grants someone authority to act on another's behalf in legal or financial matters and remains in effect even if the grantor becomes incapacitated.

Healthcare

The organized provision of medical care to individuals or a community through services offered by medical professionals.

Incompetent

Lacking the necessary skills, knowledge, or ability to do something successfully or as required.