MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
failure to use reasonable care, resulting in damage or injury to another
A
caveat emptor
B
negligence
C
product liability
D
professional liability
Explanation: 

Detailed explanation-1: -Negligence is failing to prevent loss/harm/injury when there was a duty owed to the plaintiff and reasonable and due care would have prevented the injury or damages from occurring. Negligence actions can easily be lodged against an organization.

Detailed explanation-2: -Negligence is a failure to act reasonably and carefully, resulting in injury or harm to another person. There are several aspects that must be met to prove negligence. They include: duty, breach, causation, and damages.

Detailed explanation-3: -A negligence claim requires that the person bringing the claim (the plaintiff) establish four distinct elements: duty of care, breach, causation, and damages.

Detailed explanation-4: -Lost earnings, property damage, and medical bills are normally included in the damages. Sometimes the plaintiff may experience continuous and ongoing pain and suffering due to his or her injuries. The judge or jury may award a reasonable sum for the pain and suffering resulting from the injury.

Detailed explanation-5: -Under contributory negligence rules, people who share fault for their injuries are not entitled to compensation, even if they were just 1% to blame. Under comparative negligence rules, plaintiffs can still recover compensation if they were partly at fault, but damages are reduced based on how liability is shared.

There is 1 question to complete.