Compensatory Damages in a Strict Liability Action Are Meant to Punish

question 124

True/False

Compensatory damages in a strict liability action are meant to punish the defendant and to send a message to the defendant (and other companies)that such behavior will not be tolerated.

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Definitions:

Consumer Optimism

The tendency of consumers to hold positive expectations about the overall economy or their personal financial situation.

Tightwad

Refers to a person who is extremely unwilling to spend money; often perceived negatively.

Social Stratification

A system by which a society ranks categories of people in a hierarchy based on factors like wealth, income, race, education, and power.

Employee Discrimination

Unfair treatment of employees based on race, gender, age, religion, disability, or any other characteristic, rather than their merits or abilities.