Which of the Following Is Not Within the Scope of AASB

question 10

Multiple Choice

Which of the following is not within the scope of AASB 1023 "General Insurance Contracts"?

• A) Motor vehicle insurance;
• B) Home and contents insurance;
• C) Third party liability insurance;
• D) Bush fire insurance;
• E) Life insurance

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Definitions:

Duty Of Care

A legal obligation to avoid acts or omissions that could likely cause harm to others.

Ordinarily Prudent Person

A legal standard that represents how a typical, reasonable person would act in certain circumstances, usually used to determine negligence.

Pac-Man

A classic arcade video game first released in 1980 featuring a character navigating a maze while eating dots and avoiding ghosts.

Tender Offer

A public offer by a bidder to purchase a subject company’s shares directly from its shareholders at a specified price for a fixed period of time.