Examlex
Which of the following statements is most consistent with the view that the economy has a self-corrective mechanism?
Tort Liability
Tort liability arises from the breach of a duty primarily fixed by law; this responsibility usually relates to harm caused by negligence, intentional acts, or under strict liability principles.
Comparative Negligence
The contemporary replacement for the traditional doctrine of contributory negligence. The basic idea is that damages are apportioned between the parties to a negligence action in proportion to their relative fault. The details vary from state to state.
Plaintiff's Negligence
Situations in a lawsuit where the individual bringing the case (plaintiff) is also found to have been careless or negligent, potentially reducing their compensation.
Plaintiff's Injury
Refers to the physical, emotional, or financial harm suffered by the plaintiff, initiating a legal action to seek compensation or relief.
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