It Is Easier to Take Action Against a Manufacturer of a Defective

question 12

Multiple Choice

It is easier to take action against a manufacturer of a defective product under consumer protection legislation than under the common law because:

• A)it is quicker and cheaper.
• B)there is no need to prove fault.
• C)statute law takes precedence over the common law.
• D)the manufacturer is strictly liable.

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Definitions:

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use.

Disposable Income

Net financial resources for households to allocate towards spending and savings after income taxation.

Savings

The portion of income not spent on consumption of goods and services, often put aside for future use or investment.

Disposable Income

Financial assets available to households for expenditure and savings after income taxes.