Author Question: Which of the following best defines insurance? A) It is a contract whereby a party transfers his ... (Read 144 times)

littleanan · **on:** Jun 24, 2018

Which of the following best defines insurance?
A) It is a contract whereby a party transfers his right to receive interest to a third-party such as an agent.
B) It is a contract whereby a party transfers a risk of physical injury to the risk bearer for a fee.
C) It is a contract whereby a party transfers his right to a claim for a particular fee.
D) It is a contract whereby a party transfers a risk of financial loss to a risk bearer for a fee.

Question 2

Individual employees, even those in supervisory or managerial positions, are personally liable under Title VII.
Indicate whether the statement is true or false