Which of the Following Is an Adequate Definition of Liability

question 42

Multiple Choice

Which of the following is an adequate definition of liability insurance?

• A)Liability insurance protects commercial firms against perils similar to home-owners' multiple peril insurance.
• B)Liability insurance protects against theft or damage of commercial vehicles.
• C)Liability insurance protects against liabilities relating to business operations of firms.
• D)Liability insurance protects commercial firms against perils similar to home-owners' multiple peril insurance and protects against liabilities relating to business operations of firms.

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Definitions:

Americanization Committee

A group or effort aiming to assimilate immigrants into American culture, promoting the adoption of American customs, language, and values among foreign-born residents.

Southeastern European Immigrants

Individuals from countries in Southeastern Europe who migrated, especially in large numbers in the late 19th and early 20th centuries, to countries including the United States, seeking better opportunities.

Tax Act

Legislation enacted to impose taxes or alter the tax structure. Various Tax Acts have been passed in different jurisdictions affecting income, property, sales, and other taxes.

Veracruz

A major port city on the Gulf of Mexico in Mexico, historically significant for its role in trade and military invasions.