Paul Purchased a Deluxe Motor Home from Wide Open Spaces

question 11

Multiple Choice

Paul purchased a deluxe motor home from Wide Open Spaces Motor Homes.In a products liability suit against Wide Open Spaces Motor Homes Corporation,Paul must show which of the following in order to recover?

• A) Wide Open Spaces was the manufacturer of the motor home,and not just a dealer.
• B) The negligence of Wide Open Spaces led to Paul's injury.
• C) A "defect" made the motor home unreasonably dangerous,leading to an injury.
• D) Paul was not misusing the motor home when the injury occurred.
• E) The motor home was new when Paul purchased it.

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Definitions:

Edgeworth Box

A diagram used in microeconomics to show the distribution of resources or the outcome of trade between two parties.

Utility Function

An economic tool that describes how consumers rank different bundles of goods according to the level of satisfaction or utility those bundles provide.

Endowed

Provided with a large amount of a particular resource or quality.

Contract Curve

In economics, it represents the set of optimal points of exchange between two parties, where no further mutual benefit can be achieved through trade.