In 1963,the State of __________ Became the First State to Adopt

question 17

Multiple Choice

In 1963,the state of __________ became the first state to adopt the __________ theory,after the state supreme court decided the __________ case.

• A) California, strict liability, Greenman v.Yuba Power Products
• B) California, product negligence,Greenman v.Yuba Powder Products
• C) New York, strict liability,Greenman v.Yuba Power Products
• D) Florida, breach of warranty, Petito v.A.H.Robins Co.

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Definitions:

Surplus

An excess of production or supply over demand, often leading to a decrease in prices.

Shortage

A situation where the demand for a product exceeds the available supply, often leading to higher prices.

Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.

Shortage

A situation in which the demand for a product or service exceeds the available supply, often leading to higher prices or unmet demand in the market.