A Situation or Circumstance in Which a Loss Is Possible,regardless

question 41

Multiple Choice

A situation or circumstance in which a loss is possible,regardless of whether a loss occurs,is called a

• A)deductible.
• B)loss exposure.
• C)loss avoidance.
• D)peril.

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Definitions:

Plaintiff

The party who initiates a lawsuit in civil court, claiming to have incurred loss or damage due to the defendant's actions.

Defendant

The entity being sued in legal proceedings within a courtroom.

Cross-examination

The questioning of a witness by the opposing side in a trial, following the initial examination (direct examination) by the side that called the witness.

Witness's Credibility

Refers to the believability of a witness based on their honesty, reliability, and consistency in testimony.