Strict Tort Liability Is Applied

question 19

Multiple Choice

Strict tort liability is applied:

• A) independently of the UCC.
• B) without regard to privity of contract.
• C) despite negligence on the part of the plaintiff.
• D) all of the above.

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Definitions:

Reasonable Examination

An appropriate level of scrutiny or inspection applied in a specific context, such as reviewing a document or evaluating a property, to ensure that relevant standards or obligations are met.

Impairment Of Collateral

A decrease in the value or usability of property or assets that have been pledged as security for a loan, potentially affecting the secured party's interest.

Discharge

The completion, termination, or fulfillment of a legal obligation, duty, or contract.

Negotiable Instrument

A written promise or order to pay a specific sum of money that is transferable from one person to another.