Which of the following statements about liability risks is (are)true?
I.Future income and assets can be attached to pay judgments if inadequate insurance is carried.
II.There is an upper limit on the amount of loss.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Statement I is true, as without adequate insurance, an individual's future income and assets can be seized to pay for judgments. Statement II is false, as liability risks generally do not have an upper limit on the amount of loss.

Which of the Following Statements About Liability Risks Is (Are)true