At the End of the 1980s,Lloyd's of London Was in Severe

question 185

Multiple Choice

At the end of the 1980s,Lloyd's of London was in severe financial trouble because of:

• A)a major recession in Western Europe and the United States.
• B)terror attacks by the IRA.
• C)asbestos claims.
• D)the war in Iraq.

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Definitions:

Robbery

The act of taking personal property from the possession of another against that person’s will and under threat to do great bodily harm or damage.

Forgery

The act of fraudulently making or altering a document with the intent to deceive.

Larceny

The act of taking and carrying away the personal property of another without the right to do so.

Defrauding

The act of obtaining something of value through deceit or trickery.