A liability judgment against an individual constitutes a pure risk.

Name: A liability judgment against an individual constitutes a pure risk.
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Question

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A liability judgment against an individual is a form of pure risk. This is because it represents a potential loss or harm that cannot be offset by any potential gain. The individual faces the risk of being held legally responsible for damages or losses, which could result in significant financial liabilities.

A Liability Judgment Against an Individual Constitutes a Pure Risk