Services Are Tangible Objects That Are Necessary (Such as Food

question 94

True/False

Services are tangible objects that are necessary (such as food, clothing, and shelter) or desired (such as DVDs and electric toothbrushes).

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Definitions:

Assumption of Risk

A legal doctrine that holds an individual to assume the risk of any harm arising from a dangerous activity they voluntarily participate in, limiting liability for the party offering the activity.

Contributory Negligence

A legal principle where the plaintiff's own negligence played a role in the harm they suffered, which can limit or prevent recovery from the defendant.

Privity

A legal doctrine ensuring that contracts are only enforceable by and against parties that are directly involved in the agreement.

Tort Theory

A framework in legal theory that addresses compensation for wrongs and harms caused by one party to another.