Which of the Following Statements Is True About the Strict

question 55

Multiple Choice

Which of the following statements is true about the strict liability doctrine?

• A)Privity of contract between the injured party and defendant is mandatory.
• B)Injured bystanders cannot recover damages under the strict liability doctrine.
• C)Parties in the chain of distribution are strictly liable only to the customer who buys the product.
• D)Injured bystanders are entitled to the same protection as the product's consumer.

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Definitions:

Medical Savings Accounts

Tax-advantaged accounts that individuals can use to save and pay for medical expenses, often with high-deductible health plans.

Catastrophic Health Insurance

Health insurance that is designed to provide coverage for major medical emergencies or serious conditions, typically with high deductibles and low monthly premiums.

Economic Theory

A set of principles and frameworks that aim to explain the processes governing production, distribution, and consumption of goods and services in an economy.

Purchasing Price

The amount of money required to buy a certain quantity of goods or services at a given time.