Which Statement Is True from an Ethical Perspective

question 8

Multiple Choice

Which statement is true from an ethical perspective?

• A) The argument for strict liability is basically utilitarian.
• B) Strict liability is identical with absolute liability.
• C) The concept of due care is identical with that of caveat emptor.
• D) The argument for due care is basically Kantian.

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Definitions:

Subsequent Transferees

Individuals or entities that receive property rights or interests from previous holders through a legal process of transfer.

Authentic

Genuine, original, and not a copy or imitation; true and accurate.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Personal Defense

A defense that can be used to avoid payment to an ordinary holder of a negotiable instrument but not a holder in due course (HDC) or a holder with the rights of an HDC. Personal defenses are also called limited defenses.