What Is a Distinguishing Feature of European Product Liability Law

question 30

Multiple Choice

What is a distinguishing feature of European product liability law?

• A) It allows pure economic loss.
• B) It uses strict liability.
• C) It requires breach of contract.
• D) It requires proof of negligence.

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Definitions:

Cosmetics Companies

Businesses that specialize in producing and selling beauty and personal care products.

Transform Resources

The process of converting resources (labor, materials, capital) into goods and services more valued by society.

Market Economy

A market economy is a system where the supply and demand for goods and services determine prices and production levels, operating with minimal government intervention.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.