What Are the Four Basic Parts of the Rationale for Strict

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Examlex · Accepted Answer

The Answer is The four basic parts are as follows:
1.The law should protect consumers against unsafe products.
2.Manufacturers and sellers of products are in the best position to bear the costs of injuries caused by their products because they can insure against losses and also pass these costs on to all consumers in the form of higher prices.
3.Imposing strict liability encourages manufactures to produce safer products.Manufacturers should not escape liability simply because they typically do not sign a formal contract with the end user of their product (or with nonusers who might be injured by their product).
4.The law should give sellers an incentive to deal only with reputable manufacturers.

What Are the Four Basic Parts of the Rationale for Strict

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