In Negligence Law,failure to Exercise Due (Or Reasonable)care Is the Principal

question 116

True/False

In negligence law,failure to exercise due (or reasonable)care is the principal element that triggers liability against a defendant.

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Definitions:

Price-elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Sneaker Manufacturers

Companies engaged in the design, production, and marketing of sneakers for various consumer segments.

Price Competitive

A market condition where businesses strive to offer their goods or services at lower prices than their competitors to attract customers.

Few Substitutes

A market condition where there are limited alternatives for a product, giving the product a higher degree of market power and potentially leading to higher prices.