Wally's House Is on Fire

question 33

Multiple Choice

Wally's house is on fire.He cannot get into any of the doors or windows because of the flames.The house is attached to Peter's house, which is not on fire.No one is home in Peter's house.Wally breaks into Peter's front door with an axe and chops a hole into their common wall in order to get in to make sure no one is trapped inside.Peter sues Wally for the damage done to the door and wall ________.

• A)Wally can assert the defense of private necessity and will not have to pay for the damage he did to Peter's front door and wall.
• B)Wally can assert the defense of private necessity but will have to pay for the damage he did to Peter's front door and wall.
• C)Wally can assert the defense of public necessity and will not have to pay for the damage he did to Peter's front door and wall.
• D)Wally can assert the defense of public necessity but will have to pay for the damage he did to Peter's front door and wall.

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Definitions:

Oligopolists

Firms or entities that dominate an industry or market in an oligopoly, where a small number of companies have significant market power and influence over prices and output.

R&D

Research and development; activities undertaken by companies or governments to innovate and introduce new products or services.

Entry Barriers

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business, potentially including high startup costs, stringent regulations, or strong brand loyalty among consumers.

Patent

An exclusive right given to inventors to produce and sell a new product or machine for 20 years from the time of patent application.