Question

11. In product liability, negligence actions against manufacturers surfaced once the _____ doctrine was removed.

1. assumption of risk
2. last clear chance
3. comparative negligence
4. attractive nuisance
5. privity

12. The linear regression model postulates that; Y = b + mX + e. In this equation, what does ‘m’ stand for?

1. Y-intercept
2. Random variable with a mean of zero
3. Number of claims
4. Dollar amount per claim
5. Slope

13. If a person who receives payment from the insurer has the right to recover damages from another, the insurer has the right to:

1. gentrification.
2. subrogation.
3. redlining.
4. demutualization.
5. blockbusting.

Answer 1

Question 1: Privity

According to privity doctrine, A Contract cannot impose any fines or restriction on person who is not in the contract, when this contract is removed, then negligence actions against manufacturers can be surfaced.

Question 2 Slope

In Regression model, Y = b + mX + e, M is the slope and b is the constant term

Question 3 Subrogation

Subrogation gives the right to insurer to recover damages from another person. Therefore, The correct answer should be Subrogation.