What is the meaning of strict liability?
Answer to relevant QuestionsExplain the following types of damages:a. Compensatory damages (special damages and general damages)b. Punitive damagesBriefly describe the problems with corporate governance and the financial sector which have led to increased litigation.Michelle purchased a Homeowners 3 policy with no special endorsements to cover her home and personal property. A fire occurred and destroyed a big screen television. Michelle paid $4000 for the TV new, and it was 25 percent ...List the major exclusions that are found in Section I of the Homeowners 3 policy.Joseph is the named insured under a Homeowners 3 policy (special form) with a liability limit of $100,000 per occurrence and a $1000 limit for medical payments to others. For each of the following situations, explain whether ...
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