Etta Illegally Shoots Fay with a Handgun Made by Gunsmaker

question 4

Multiple Choice

Etta illegally shoots Fay with a handgun made by Gunsmaker Corporation. Fay files a suit against Gunsmaker. With respect to the dan?gers associated with guns, the court is most likely to rule that Gunsmaker has

• A) a duty to warn everyone.
• B) a duty to warn potential victims only.
• C) a duty to warn users only.
• D) no duty to warn.

Understand the concept of consumer equilibrium and how it is depicted graphically.

Interpret indifference curves and budget constraints in consumer choice theory.

Identify points of maximal utility given budget and price constraints.

Recognize attainable and unattainable utility levels within the context of consumer budget constraints.

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Definitions:

Fraud In The Factum

A liability defense available to a party who signs a negotiable instrument without knowing that it is a negotiable instrument.

Negotiable Instrument

A written assurance for the remittance of a fixed sum of money, payable either on demand or at a future date, with the document clearly stating the name of the individual making the payment.

Liability

A legal responsibility or obligation.

Entitlement To Payment

The legal right or claim to receive a specific sum of money.