Which of the Following Statements Is TRUE

question 73

Multiple Choice

Which of the following statements is TRUE?

• A)Liability in tort law always requires proof of deliberate or careless wrongdoing.
• B)The victim of a tort is called a tortfeasor.
• C)Liability in tort always involves both primary and secondary obligations.
• D)In exceptional circumstances, a person may be imprisoned for committing a tort.
• E)The concept of privity is part of every tort.

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Definitions:

Rivals

Competitors within the same market who are vying for the same customers with similar products or services.

Buyers

Individuals or entities that purchase goods or services for personal use, resale, or production.

Suppliers

Entities or individuals that provide goods or services to a market, contributing to the available supply.

Oligopoly

A form of industry (market) structure characterized by a few dominant firms. Products may be homogeneous or differentiated.