Strict Liability Is Responsibility Imposed on Tortfeasors For

question 70

Multiple Choice

Strict liability is responsibility imposed on tortfeasors for:

• A) engaging in assault.
• B) contributing to an act of negligence.
• C) engaging in activity deemed by statute to be dangerous until the tortfeasors must take responsibility for all harm that arises therefrom.
• D) engaging in activity banned by statute.

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Definitions:

Price-fixing

An illegal agreement among competitors to sell a product or service at a predetermined price, rather than letting market forces dictate pricing.

Regional Monopolies

Companies or entities that exclusively control the supply of a particular good or service in a specific geographic area.

OPEC Cartel

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates policies and prices of petroleum.

World Supply

The total amount of a particular good or service that is available for purchase on the global market.