Question
Person X causes harm to the property of Person Y through negligence and the damages are $20,000. Person Y has insurance to cover $5,000 of
Person X causes harm to the property of Person Y through negligence and the damages are $20,000. Person Y has insurance to cover $5,000 of the damage. If Person Y collects $5,000 from the insurance company, could Person X still be responsible for paying all $20,000 to cover the damages? What is the legal principle that pertains to this?
Group of answer choices
No, because of the Collateral Source Rule.
Yes, because of Res Ipsa loquitur.
Yes, because of the Collateral Source Rule.
Yes, because of Absolute Liability.
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Applied International Finance I Managing Foreign Exchange Risk
Authors: Thomas O'Brien
2nd Edition
1947441280,1947441299
