It Is Important Not to Rely on Common Sense as a Guide

question 40

Essay

It is important not to rely on common sense as a guide to appropriate decision making,as there are often logical inconsistencies in the way that people process information and make decisions.Define two common errors in thinking/logical fallacies,and provide an example for each.

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Definitions:

Deteriorate

Refers to the process of becoming progressively worse or the decline in quality or condition.

Duty To Warn

The legal obligation to inform others about potential dangers or risks associated with a product, property, or situation.

Reasonable Buyer

A hypothetical person in the marketplace considered to be adequately informed, cautious, and not under any pressure to make a purchase.

Defects

Flaws or imperfections in products, property, or legal documents that can affect value or functionality.