Which of the Following Characterizes Cases Filed Under Section 402A

question 88

Multiple Choice

Which of the following characterizes cases filed under section 402A?

• A)The seller must be engaged in selling the product that allegedly caused harm.
• B)The product may not be in a defective condition but must have caused injury.
• C)The seller must prove that suitable modifications were made to the product in order to avoid liability.
• D)All cases except design-defect ones may be covered under this section.

---

Definitions:

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.

Elastic

Describes a situation in economics where the supply or demand for a good or service significantly changes in response to changes in price.

Price Ceiling

A legal maximum price that can be charged for a particular good or service, aiming to keep prices affordable.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.