Delmar Construction Inc

question 60

Multiple Choice

Delmar Construction Inc.was unable to continue its apartment block construction project.Subsequent to the temporary suspension of construction,a child was seriously injured when he fell into the open basement portion of the building.These circumstances exemplify which of the following?

• A) an exemption from liability owing to mischief
• B) an exemption from liability owing to nuisance
• C) occupiers' liability
• D) Delmar's contractual liability

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Definitions:

Moral Hazard

A situation where one party takes on excessive risk because the negative consequences of the risk will be borne by another party.

Antilock Brakes

A safety system in vehicles that prevents the wheels from locking up and skidding during braking, improving control.

Self-medicating

The practice of using drugs, alcohol, or other substances to treat one's ailments without professional guidance, which can lead to misuse and health problems.

Expected Loss

The anticipated amount of loss a firm envisages, often calculated in financial contexts to assess risk or in insurance settings.