Which of the Following Statements Is TRUE with Respect to Exclusion

question 48

Multiple Choice

Which of the following statements is TRUE with respect to exclusion clauses and risk management?

• A)An exclusion clause can be inserted into a contract for the sale of goods.
• B)An exclusion clause can affect liability for property damage but not for personal injury.
• C)An exclusion clause can be used by a person but not by a corporation.
• D)An exclusion clause represents a type of risk acceptance.
• E)An exclusion clause always shifts the risk of liability onto an insurance company.

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Definitions:

Visual Acuity

The clarity or sharpness of vision, often measured as the ability to discern letters or numbers at a standardized distance.

Presbyopia

A nearly universal change in eyesight during middle adulthood that results in some loss of near vision.

Glaucoma

A condition in which pressure in the fluid of the eye increases, either because the fluid cannot drain properly or because too much fluid is produced.

Affordances

The option that a given situation or stimulus provides.