Identify the Peril That Is Covered in the Broad Causes

question 58

Multiple Choice

Identify the peril that is covered in the broad causes of loss form of an ISO commercial property policy, but not in the basic causes of loss form.

• A)Vandalism
• B)Lightning
• C)Sinkhole collapse
• D)Volcanic action
• E)Breakage of glass

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Definitions:

Act Of State Doctrine

A principle that a nation's domestic actions are not to be questioned or challenged by the courts of another nation.

Principle Of Comity

A legal doctrine allowing courts within one jurisdiction to respect the laws and judicial decisions of another jurisdiction out of courtesy, rather than obligation.

Distribution Agreement

A contract between a seller and a distributor of the seller’s products setting out the terms and conditions of the distributorship.

Direct Exporting

The process by which a company sells its products directly to buyers in a foreign market without the use of an intermediary.