What Is the Commonality That Exists in Law Between the Tort

question 20

Multiple Choice

What is the commonality that exists in law between the tort of negligent misstatement and negligent misrepresentation?

• A) Both strongly support a claim arising from third-party reliance.
• B) Both must arise from communication with a professional.
• C) Both may be perfectly justifiable.
• D) Both arise from communication.

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Definitions:

Inelastic Demand

Refers to a situation where the demand for a product is relatively unresponsive to changes in price.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.

Good Substitutes

Products or services that can be used in place of each other, with consumers willing to switch from one to the other if the price or quality changes.

Necessity

Goods or services considered essential for basic human survival and well-being, such as food, water, and shelter.