The Shifting of Risk to Someone Else Through a Contract

question 41

Multiple Choice

The shifting of risk to someone else through a contract is an example of what type of risk management strategy?

• A) risk avoidance
• B) risk transference
• C) risk retention
• D) risk acceptance

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Definitions:

Closing Argument

The final summary or recapitulation presented by the attorneys to the jury or judge in a legal proceeding.

Attorney

A professional who is qualified to advise clients on legal matters and represent them in court and other legal proceedings.

Client's Favor

The outcome of a legal case or negotiation that results in a positive or beneficial conclusion for the client.

Verdict

The formal decision or finding made by a jury, announced in court, concerning the matters submitted to their judgment in a trial.