Strict Liability Is Used When

question 45

Multiple Choice

Strict liability is used when

• A) a plaintiff is seeking exemplary damages.
• B) the defendant engaged in ultrahazardous activity.
• C) the defendant engaged in criminal activity that produced property damage.
• D) none of the above.

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Definitions:

Financing Costs

Financing costs are expenses incurred by an entity in the process of borrowing funds, including interest payments and other related fees.

Market Value

The ongoing trading value of an asset or service in the market.

Preferred Stock

A type of stock that provides holders with a fixed dividend prior to any dividend payments to common stockholders, and typically does not carry voting rights.

Common Stock

A form of corporate equity ownership, representing a share in the ownership of a company and a claim on a portion of its profits.