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Purchasing a Product with No Planning or Forethought Is Called

question 108

Multiple Choice

Purchasing a product with no planning or forethought is called _____.


Definitions:

Exculpatory Clause

A contractual provision that relieves one party from liability for harm caused during the execution of the contract, within the limits of the law.

Strict Liability Clause

A legal principle that holds an individual or entity responsible for their actions or products, regardless of negligence or intent.

Limited Liability Clause

A provision in a contract that limits the amount of money one party can be responsible for in case of breach of the contract.

Res Ipsa Loquitur

A legal doctrine stating that the occurrence of an accident implies negligence, as the event would not normally happen without it.

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