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chouri chouri
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7 years ago
Taylor Tobacco Company is concerned that the company may be held liable in a court of law and ordered to pay a large damage award. The characteristics of the judicial system that increase the frequency and severity of loss are known as
A) moral hazard.
B) particular risk.
C) speculative risk.
D) legal hazard.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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