Under the Product Liability Theory of Strict Liability as Expressed

question 62

Multiple Choice

Under the product liability theory of strict liability as expressed in the Restatement (Second) of Torts,what is an essential fact that must be present if strict liability may be used in a lawsuit as the basis for recovery?

• A)The product must be unreasonably dangerous.
• B)The product must be un-merchantable.
• C)The product must be unfit for the purpose intended by the buyer.
• D)The product must be unfit for any purpose.

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Definitions:

Oil Reserves

Quantified estimates of the amount of crude oil located in a specific economic region that can be recovered and sold under current economic and technological conditions.

Hostile Takeovers

Attempts by a company to acquire another company against the wishes of the target company's management and board of directors.

Poison Pills

Strategies used by companies to deter unwanted takeover bids by making the company less attractive to the potential acquirer.

Golden Parachutes

Payments made to executives who are forced out when a merger takes place.