Privity of Contract Between the Plaintiff and the Defendant Is

question 17

True/False

Privity of contract between the plaintiff and the defendant is required to bring a product liability suit based on negligence.

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Definitions:

Tax Burden

The total amount of taxes paid by an individual, corporation, or sector, often expressed as a percentage of income or GDP.

Price Paid

The amount of money exchanged for a good or service.

Consumers

Individuals or groups that purchase goods and services for personal use.

Excise Tax

A specific tax levied on the sale or consumption of particular goods, such as alcohol, tobacco, and gasoline.