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Chapter 15 Quiz
This quiz will test your knowledge on the material presented. Some questions may also test your knowledge on material not yet presented.
After her mother died, Julie was in charge of her mothers’ estate. She was told that she needed an administrator’s bond because ___.
A bond is required by the court of the administrator of the estate of the deceased.
A bond is needed to guarantee the performance of one in an administrative position.
A bond can only be approved by a judge.
A bond is purchased by the government to cover employees handling tax monies.
im Sutton obtained a bond premium paid for under the Personal Automobile Supplementary Payments. In general, this is a ___.
Primary bond and appeal bond
Secondary bond and bail bond
Release attachment bond, appeal bond, and bail bond
All inclusive coverage bond
A bailee customers' policy:
Covers damage to customers' property when the insured is liable
Covers damage to the insured's property caused by customers
Is purchased by individual customers of a bailee
Protects an insured from liability for injury to customers
Aaron is an employee who works for a general contractor in the business of building model homes. When on a job site, Aaron was injured while working on the roof. Aaron can recover for the injuries he sustained on the job through ___.
Commercial general liability
Owners and contractors protective liability
Premises and operations liability
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