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.
Answer: D
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Answer the following statement true (T) or false (F)
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Answer the following statement true (T) or false (F)