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'No fault liability' means ______________.
- a)liability for damage caused through negligence
- b)liability for damage caused through fault
- c)absolute liability even without any negligence or fault
- d)freedom from liability
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
No fault liability means ______________.a)liability for damage caused ...
The Rule of Strict Liability also known as The Rule of No-Fault Liability which means the individual might have the liability without being at fault. The person in this case may not have done any harmful or negligent act or may have put in some positive efforts, however, the rule claims him for compensation.
Most Upvoted Answer
No fault liability means ______________.a)liability for damage caused ...
Explanation:
Definition of No Fault Liability:
No fault liability refers to a legal concept where a person or entity is held responsible for damages or injuries regardless of whether or not they were at fault or negligent.
Explanation of Option C:
Option C states that no fault liability means absolute liability even without any negligence or fault. This means that in cases of no fault liability, the responsible party is held accountable for the damages or injuries even if they did not act negligently or with fault.
Example:
For example, in some car insurance systems, drivers are covered by no fault liability. This means that each driver's insurance company will cover their own policyholder's medical expenses and damages, regardless of who was at fault in the accident.
Benefits of No Fault Liability:
- Provides quicker compensation to injured parties without the need to prove fault.
- Reduces the burden on the legal system by streamlining the claims process.
- Encourages prompt payment of benefits, leading to faster recovery for the injured party.
Limitations of No Fault Liability:
- Can lead to higher insurance premiums for all policyholders.
- Some argue that it may reduce the incentive for individuals to act responsibly, knowing they will be covered regardless of fault.
In conclusion, no fault liability is a legal concept that holds individuals or entities responsible for damages or injuries without the need to prove fault or negligence. It has its benefits and limitations, but ultimately serves as a way to expedite compensation for those who have suffered harm.
Definition of No Fault Liability:
No fault liability refers to a legal concept where a person or entity is held responsible for damages or injuries regardless of whether or not they were at fault or negligent.
Explanation of Option C:
Option C states that no fault liability means absolute liability even without any negligence or fault. This means that in cases of no fault liability, the responsible party is held accountable for the damages or injuries even if they did not act negligently or with fault.
Example:
For example, in some car insurance systems, drivers are covered by no fault liability. This means that each driver's insurance company will cover their own policyholder's medical expenses and damages, regardless of who was at fault in the accident.
Benefits of No Fault Liability:
- Provides quicker compensation to injured parties without the need to prove fault.
- Reduces the burden on the legal system by streamlining the claims process.
- Encourages prompt payment of benefits, leading to faster recovery for the injured party.
Limitations of No Fault Liability:
- Can lead to higher insurance premiums for all policyholders.
- Some argue that it may reduce the incentive for individuals to act responsibly, knowing they will be covered regardless of fault.
In conclusion, no fault liability is a legal concept that holds individuals or entities responsible for damages or injuries without the need to prove fault or negligence. It has its benefits and limitations, but ultimately serves as a way to expedite compensation for those who have suffered harm.
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No fault liability means ______________.a)liability for damage caused through negligenceb)liability for damage caused through faultc)absolute liability even without any negligence or faultd)freedom from liabilityCorrect answer is option 'C'. Can you explain this answer?
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