Which of the following is an example of consequential (indirect)loss?
A)the theft of a person's jewelry
B)the destruction of a firm's manufacturing plant by an earthquake
C)the cost of renting a substitute vehicle while a collision-damaged car is being repaired
D)the vandalism of a person's automobile

Question

Quizplus · Accepted Answer

The cost of renting a substitute vehicle while a collision-damaged car is being repaired is an example of consequential (indirect) loss. This is because the cost incurred is a result of the initial loss, which in this case is the damage to the car.

Which of the Following Is an Example of Consequential (Indirect)loss