Which of the Following Statements Is True About Strict Liability

question 18

Multiple Choice

Which of the following statements is true about strict liability in tort?

• A) Product liability actions based on strict liability in tort focus on the producer or manufacturer.
• B) To succeed in a strict liability action, the plaintiff must prove that the defendant did not exercise the degree of care that is reasonably expected under those circumstances.
• C) A failure by the manufacturer or seller to adequately warn of a risk or hazard associated with the product can be used by the plaintiff to establish that the product is defective.
• D) To be successful in a strict liability action, the plaintiff must prove that the product developed a defect before it was sold.

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Definitions:

Arbitrage Opportunities

Situations where it is possible to simultaneously buy and sell an asset or security for a profit due to price differences across markets.

Allocationally Efficient

A state of resource distribution where it is impossible to improve the utility of one individual without impairing the utility of another.

Moving Average Line

A technical analysis tool that smooths out price data by creating a constantly updated average price over a specific period of time, often used to identify trends.

Technical Analyst

A professional who evaluates securities by analyzing statistics generated from trading activity, such as price and volume.