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Javed Has Created a Website for His Company

question 35

Multiple Choice

Javed has created a website for his company.The website is strictly informational.It does not allow customers to buy products online or post their own content.It does, however, contain materials taken from other websites.Which of the following statements is most likely to beTRUE?


Definitions:

Risk of Loss

The potential for an investment or venture to result in financial loss, a fundamental consideration in finance and insurance.

Sales Contract

A legal agreement between a buyer and seller detailing the terms and conditions of a sale of goods or services.

Insurance Coverage

A contractual agreement where an insurer agrees to compensate the insured for specific losses or damages in exchange for premiums paid.

Insurable Interest

A stake in the value of an entity or event for which insurance coverage can be purchased to protect against loss.

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