Question: Strict liability may be applied to product liability. What is liability based on in these circumstances? Choose two answers. The manufacturer can better bear the

Strict liability may be applied to product liability. What is liability based on in these circumstances? Choose two answers.
The manufacturer can better bear the cost of injury because it can spread the cost throughout society by increasing the prices of its goods.
The manufacturer producing the products is regulated by the government.
The manufacturer is required to keep a registry of consumers who are injured by its products.
The manufacturer is making a profit from its activities and therefore should bear the cost of injury as an operating expense.
 Strict liability may be applied to product liability. What is liability

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!