The Case of MacPherson V

question 39

Multiple Choice

The case of MacPherson v.Buick Motor Car in 1916 changed product liability law.As a result of it,the courts

• A)permitted consumers to sue manufacturers with whom they had no contractual relationships.
• B)adopted the principle of caveat emptor.
• C)permitted consumers to sue the retailer from whom they had purchased the product.
• D)adopted the principle of strict liability.

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Definitions:

Parity Ratio

A ratio used to compare the price of a commodity to some base level, reflecting its purchasing power historically.

Prices Paid

The sum of money spent by consumers to purchase products or services.

Prices Received

refers to the amount of money that sellers receive for their goods or services in the market.

Parity Ratio

A ratio used to compare the value of one thing to another, such as the price of a commodity to the price of a set of other goods or incomes.