The Doctrine of Commercial Impracticability Only Extends to Problems That

question 2

True/False

The doctrine of commercial impracticability only extends to problems that could have been foreseen.

Acknowledge the role of express voluntary assumption of risk in tort defenses.

Understand how the courts consider physical and mental handicaps in applying the reasonable person standard.

Learn the exceptions and special considerations under state laws, including contributory negligence, last clear chance, and workers' compensation statutes.

Assess the principles governing the liability or lack thereof for intervening and superseding causes.

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Definitions:

Stakeholders

Parties that have an interest or concern in an organization, which can affect or be affected by the business’s actions, objectives, and policies.

Individual Freedom

The liberty of an individual to act, speak, or think without unwarranted or unnecessary restrictions by the state or others.

Liberal-Communitarian Approach

A theoretical framework that seeks to balance individual rights and freedoms with the needs and values of the community.

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and a minimal role for government in the economy.