Under the Rule of ____, the Producer of a Defective

question 261

Multiple Choice

Under the rule of ____, the producer of a defective product that caused injury to a consumer was not liable unless there was a contractual relationship between producer and injured party.

• A) res ipsa loquitur
• B) stare decisis
• C) manufacturer liability
• D) proximate cause
• E) none of the other choices

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Definitions:

Real Assets

Physical or tangible assets such as gold, real estate, and commodities, which have intrinsic value due to their substance and physical properties.

Asset Allocation

The allocation of investment portfolio across various asset classes, such as stocks, bonds, and cash, to achieve a specific investment goal.

Broad Asset Classes

Categories of assets, such as stocks, bonds, real estate, and commodities, that behave similarly in the marketplace and are subject to the same laws and regulations.

Safe Securities

Investment instruments deemed to have a lower risk of loss, often with lower potential returns as compared to riskier investments.