In Order to Establish That a Person Giving Advice Owed

question 14

Multiple Choice

In order to establish that a person giving advice owed a duty of care, the plaintiff does not have to prove:

• A)the advice caused harm to the person or property of the plaintiff.
• B)the advice was of a business or serious nature.
• C)the person giving advice knew or should have known that the plaintiff intended to rely on the advice.
• D)it was reasonable in the circumstances for the plaintiff to rely on the advice.

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Definitions:

Price Elasticity of Demand

An assessment of the variation in the amount of a product desired in relation to fluctuations in its cost.

Major League Baseball

The professional baseball organization that is the oldest of the four major professional sports leagues in the United States and Canada.

Linear Demand Function

A mathematical representation showing a straight-line relationship between the quantity demanded of a good and its price.

Price Elasticity of Demand

A gauge for understanding how sensitive the demand for a product is to price changes.