An event that affects one industry or company or only a few companies is called a macropolitical risk event

An estate in which possession but not ownership is transferred is called a:

a. deed of trust b. hypothecation c. sublease d. estate in remainder

Which of the following is generally true about exculpatory clauses?

A) They are not valid with respect to intentional acts. B) They are not valid for ordinary negligence. C) The test is if they are reasonable in time, scope, and geographic area. D) They are usually found to be invalid.