Humanities/Arts Exam > Humanities/Arts Questions > No fault liability means ______________.a)lia...
Start Learning for Free
'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?
| FREE This question is part of | Download PDF Attempt this Test |
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.
Free Test
FREE
| Start Free Test |
Community 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.
Attention Humanities/Arts Students!
To make sure you are not studying endlessly, EduRev has designed Humanities/Arts study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Humanities/Arts.
|
Explore Courses for Humanities/Arts exam
|
|
Similar Humanities/Arts Doubts
Top Courses for Humanities/ArtsView all
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?
Question Description
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? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about 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? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about 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? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? in English & in Hindi are available as part of our courses for Humanities/Arts.
Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice Humanities/Arts tests.
|
|
Explore Courses for Humanities/Arts exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup