In Pollution Cases Involving Strict Liability for Abnormally Dangerous Activities

question 489

Multiple Choice

In pollution cases involving strict liability for abnormally dangerous activities, courts have found which of the following activities to be abnormally dangerous:

• A) emitting of steam by factories
• B) using wasteful amounts of water in product production
• C) storing of flammable liquids in quantity in an unpopulated area
• D) all of the other specific choices are correct
• E) none of the other specific choices are correct

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Definitions:

Estimated Gross Profit

An expected amount of profit calculated by subtracting the estimated cost of goods sold from the estimated total sales revenue.

Sales Totaled

This term refers to the aggregate amount of revenue generated from the sale of goods or services over a specific period.

Inventory Cost

The total cost incurred for obtaining, storing, and managing inventory that has not yet been sold.

Retail Method

An inventory valuation method used in retail, estimating inventory costs based on the relationship between the cost and retail price of goods.