Under the Doctrine of Strict Liability, Liability Is Based on a Failure

question 72

True/False

Under the doctrine of strict liability, liability is based on a failure to exercise reasonable care.

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Definitions:

Corporate Directors

Individuals elected by shareholders to manage a corporation's affairs and make major decisions.

Articles

Short for "articles of incorporation," which are documents filed with a government body to legally document the creation of a corporation.

Bylaws

Rules and regulations that govern a corporation’s internal management.

Affiliated Directors

Members of a company's board who have a relationship with the company outside of their directorship, potentially through business, family, or significant financial ties.