Question: Identify a true statement about strict liability. Multiple choice question. Rapid changes in the nature of commercial practice led the legal community to reject it

Identify a true statement about strict liability.
Multiple choice question.
Rapid changes in the nature of commercial practice led the legal community to reject it as a viable cause of action.
It is based on the believe that manufacturers and sellers are best positioned to prevent the distribution of defective products.
It is based on the belief that consumers of defective products are best able to bear the cost of injury through insurance coverage.
It imposes the entire burden of liability for damages on the injured consumer.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Multiple Choice Question Identify a true statement about strict liability. Multiple choice question. It is based on the belief that consumers of defective products are best able to bear the cost of...

Q:

Case Citation: Delahanty v. Hinckley, 564 A.2d 758 (D.C. 1989). Parties: Thomas and Jean Delahanty, Plaintiffs / Appellants John Hinckley, Defendant / Appellee Facts: Thomas Delahanty was seriously...

Q:

Accounting Theory The questions/requirements to answer for each paper are: 1. What is the research question of the article? 2. Explain the main arguments and conclusion of the article. 3. Give 1...

Q:

Accounting Theory The questions/requirements to answer for each paper are: 1. What is the research question of the article? 2. Explain the main arguments and conclusion of the article. 3. Give 1...

Q:

Accounting Theory The questions/requirements to answer for each paper are: 1. What is the research question of the article? 2. Explain the main arguments and conclusion of the article. 3. Give 1...

Q:

Accounting Theory The questions/requirements to answer for each paper are: 1. What is the research question of the article? 2. Explain the main arguments and conclusion of the article. 3. Give 1...

Q:

need answer for these questions 13, 17, 19, 20, and 23? PART 5 Business Valuations Chapter Business Valuations A valuation analyst should be able to explain and defend his or her valuation, including...

Q:

need answers for questions 13, 17, 19, 20, and 23? PART 5 Business Valuations Chapter Business Valuations A valuation analyst should be able to explain and defend his or her valuation, including both...

Q:

please read Moore v. Regents of the University of California . Then, please discuss the following topics with respect to this case, answering at least three of the following questions What did the...

Q:

Torts Law 1. (1) What are the key principals of a defamation lawsuit by a public figure and why it is more difficult to succeed? (2) What are the key differences between trespass to chattel and...

Q:

Rose Corporation (a calendar year taxpayer) has taxable income of $300,000, and its financial records reflect the following for the year. Federal income taxes paid $110,000 Net operating loss...

Q:

Explain which functional group(s) is present in the compound that has this IRspectrum: 80 60 40 20 1721 cm 3500 4000 3000 2500 1500 2000 1000 S00 Wavenimber (cm)

Q:

The insurance required to meet coinsurance is: Multiple Choice None of the answer choices are correct. 8 0 % replacement value 8 0 % face value Insurance carried divided by 8 0 % 8 0 % actual loss

Q:

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...