According to Which of the Following Theories Does Liability Exist,even

question 62

Multiple Choice

According to which of the following theories does liability exist,even in the absence of negligence,when an activity or product is inherently dangerous?

• A) Absolute liability
• B) Strict liability
• C) Contributory liability
• D) Enterprise liability

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Definitions:

Store Of Value

Anything that retains its purchasing power over time.

Double Coincidence

Double Coincidence is a term used in economics to describe a situation where two parties each hold an item the other wants, allowing for an exchange without the need for a common medium of trade, like money.

Barter System

An ancient method of exchange where goods and services are traded directly for other goods and services without using money.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or across international borders.