As Seen in Baxter V

question 308

Multiple Choice

As seen in Baxter v. Ford Motor, where Baxter lost an eye because the glass in his car windshield was not shatterproof as Ford had claimed, ____ may be the basis for strict liability in tort.

Definitions:

Competitive Market Prices

Prices determined by the supply and demand in a market where many buyers and sellers exist and no single entity controls the market price.

Market Prices

The actual selling price of goods and services in a marketplace, determined by supply and demand dynamics.

Voluntary Exchange

An economic transaction where all parties involved agree to the trade, believing they will benefit from the exchange.

Relative Scarcity

The economic concept referring to the limited availability of resources in comparison to the unlimited wants and needs of consumers.