One general liability loss exposure develops as a result of a written or oral agreement to assume the legal liability of another party.A lease that specifies that the building owner is held harmless for liability arising out of use of the building is an example.This liability loss exposure is

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The described loss exposure is an example of contractual liability, which arises from a written or oral agreement to assume legal liability for another party. The lease agreement in this case specifies that the building owner is held harmless for any liability that arises from the use of the building, which is a clear example of contractual liability.

One General Liability Loss Exposure Develops as a Result of a Written