For a While, Huber Argues, the Reinterpretation of Contract Terms

question 33

Multiple Choice

For a while, Huber argues, the reinterpretation of contract terms sufficed as a basis for inventing liability standards much stricter than:

• A) Negligence
• B) Contracts
• C) Recklessness
• D) Gross negligence
• E) Torts

---

Definitions:

Collateral

Property or assets that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to the agreed terms.

Consumer Good

A tangible item produced for personal use or consumption by the general public.

UCC

The Uniform Commercial Code represents a detailed collection of statutes that oversee every commercial transaction across the United States.

Personal Use

Personal use refers to the use of goods or services primarily for individual rather than commercial or professional purposes.