Which of the Following Arises When a Consumer Knows That

question 61

Multiple Choice

Which of the following arises when a consumer knows that a defect exists but still proceeds unreasonably to make use of the product,creating a situation where the consumer has voluntarily assumed the risk of injury from the defect and thus cannot recover?

• A) Assumption of the risk.
• B) Pure comparative fault.
• C) Contributory negligence.
• D) Last-clear-chance.
• E) Strict behavior.

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Definitions:

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government.

Income Tax

A tax imposed by the government on individuals or entities' income, varying according to income level and filing status.

After-Tax Profits

The net income a company retains after all taxes have been deducted from total revenue.

Board of Directors

A group of individuals elected by shareholders to oversee and make strategic decisions for a company.