Common exclusions found in liability policies are damage to property owned by the insured.
<h3>
What are liability policies?</h3>
Liability insurance is a component of the general insurance system of risk financing that shields the buyer from the risks of liabilities brought on by lawsuits and other claims of a similar nature.
It also shields the insured in the event that the buyer is sued for claims covered by the insurance policy.
Hence, the choice of damage to property owned by the insured is correct.
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Answer:
The Supreme Court of the United States.
Explanation:
Pursuant to the US Constitution, the Supreme Court has both original and appellate jurisdiction. Original jurisdiction implies that the Supreme Court is the first and only court entitled to hear a case. However, the Constitution limits this power and the court deals with cases involving disputes between states or controversies among ambassadors or other ministers. Appellate jurisdiction refers to the fact that the court has the authority to review judgments passed by lower courts. Frequently, the Supreme Court hears the cases that have already been decided by any US Court of Appeals.
If a person is not satisfied with a decision/ruling made by a district court, he/she may appeal such decision. The case is then reviewed by a Court of Appeals. After the appellate court has pronounced judgment, the ruling may be reviewed by the Supreme Court.
Answer:
Brown v. Board of Education of Topeka was a landmark 1954 Supreme Court case in which the justices ruled unanimously that racial segregation of children in public schools was unconstitutional.
Explanation:
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The case portrays the need for a review of income and property taxes, highlighting information on which taxes should or should not have their exemption limits extended and how this affects the country's infrastructure.
Accordingly, we can answer the other questions as follows:
- Economic research is against increasing the income tax exemption limit, as this would harm the poorest population.
- The research states that the property tax is important for the growth of the country's infrastructure, in addition to falling on objects that are easy to identify and that belong to the richest population.
<h3>How does the survey present this information?</h3>
The research shows that the income import should matter the exemption in the poorest population and this is a way to promote more taxpayers for this tax. This is because by allowing poor people to be exempt from income tax, the State promotes economic ascension, allowing these people to reach higher economic levels and leave the lower classes, becoming taxpayers.
However, the research is in favor of extending the exemption limits for property tax. This is because these taxes must fall on people who own buildings and residences. These people have a higher economic standard and are easily identified since the properties are immovable assets.
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