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chouri chouri
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6 years ago
A restaurant owner leased a meeting room at the restaurant to a second party. The lease specified that the second party, not the restaurant owner, would be responsible for any liability arising out of the use of the meeting room, and that the restaurant owner would be "held harmless" for any damages. The restaurant owner's use of the hold-harmless agreement in the lease is an example of
A) retention.
B) self-insurance.
C) insurance.
D) noninsurance transfer.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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chouri Author
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#2
5 years ago
I've gotta say, you've helped tremendously
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