Which of the Following Is True of Strict Liability

question 36

Multiple Choice

Which of the following is true of strict liability?

• A) Courts never hold the retailer liable if the manufacturer is available for suit.
• B) The application of strict liability varies among states.
• C) Most states hold that plaintiffs can recover for purely economic losses under strict liability.
• D) The essential element for strict product liability is that the product is not defective.

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Definitions:

Sample Size

The number of observations or elements drawn from a larger population for the purpose of statistical analysis.

Null Hypothesis

A hypothesis that there is no effect or no difference, and it serves as the default assumption in statistical hypothesis testing.

Correlation Coefficient

A statistical index ranging from -1 to 1 that measures the degree of association between two variables.

Greek Symbols

Characters used in mathematics, science, and engineering that originate from the Greek alphabet, often representing constants, variables, and parameters.