Which of the Following Statements Is True About Strict Liability

question 48

Multiple Choice

Which of the following statements is true about strict liability?

• A) It applies only to manufacturers of a defective product.
• B) It is liability without fault.
• C) It requires privity of contract between the plaintiff and the defendant.
• D) It covers casual sales and transactions.

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Definitions:

Global Arena

The international landscape for business or politics where interactions and competitions occur on a global scale.

International HRM

Concerns with managing human resources in multinational corporations, focusing on policies and practices that address the challenges of operating in multiple countries.

Multidomestic Strategy

A business approach that involves tailoring products and strategies to fit the specific needs and preferences of each country in which it operates.

Culturally Sensitive Products

Culturally sensitive products are goods or services designed with an understanding and respect for the cultural norms and values of different consumer groups.