One General Liability Loss Exposure Develops as a Result of a Written

question 31

Multiple Choice

One general liability loss exposure develops as a result of a written or oral agreement to assume the legal liability of another party.A lease that specifies that the building owner is held harmless for liability arising out of use of the building is an example.This liability loss exposure is

• A)premises and operations liability.
• B)contractual liability.
• C)products and completed operations liability.
• D)contingent liability.

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Definitions:

Primary Cause

The main or initiating factor that leads to an event or condition.

Missing Word

A word that is left out or omitted from a text or sentence, often used in language tests to assess comprehension or vocabulary.

Sentence

A set of words that is complete in itself, typically containing a subject and predicate, conveying a statement, question, exclamation, or command.

Relevant Context

Pertains to the circumstances or setting that impacts the significance or understanding of an event, statement, or idea.