Under the Regulatory Offence of "Strict Liability", the Standard That

question 16

Multiple Choice

Under the regulatory offence of "strict liability", the standard that must be met for obtaining a conviction is

• A) to let the accused try to avoid liability by proving that he was completely unaware of the regulation.
• B) the same as under the regulatory offence of "absolute liability".
• C) to satisfy the court that the breach is of the regulation rather than a statute.
• D) to prove the existence of mens rea (a guilty mind).
• E) where the doing of the prohibited act raises a presumption that an offence has been committed-unless the accused can prove he took all reasonable care.

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Definitions:

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns, often through the purchase of securities, real estate, or other investment vehicles.

Factory Overhead Costs

Indirect expenses related to the manufacturing process that cannot be traced directly to specific units produced, such as utilities and rent for the production facility.

Direct Materials Cost

The cost of raw materials and components used directly in the production of goods or provision of services, directly traceable to the finished product.

Manufacturing Process

The manufacturing process involves the steps, operations, and stages companies use to convert raw materials into finished goods through machinery, labor, and other resources.