Felipe Bought a Liability Insurance Policy

question 20

True/False

Felipe bought a liability insurance policy.That policy included a clause that excluded coverage for injuries inflicted through "intentional or criminal acts." Felipe deliberately broke a bottle over a store clerk's head during a robbery.Because of the compensatory function of tort law, a court will require the insurance company to pay damages to the victim of the wrong, but it will also give the insurance company the right to sue Felipe for that same amount.

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Definitions:

Socialization

The process by which people adapt to an organization through learning and accepting the values, norms, and beliefs held by others in the organization.

Needs Assessment

A diagnosis that presents problems and future challenges that can be met through training or development.

Training Program

A structured educational program designed to improve the knowledge, skills, and abilities of employees to better perform specific jobs.

Needs Assessment

A systematic process for determining and addressing needs, or gaps between current conditions and desired conditions or wants.