Lyn Is Injured When She Is Struck by Debris Floating

question 78

Multiple Choice

Lyn is injured when she is struck by debris floating on her property flooded by a breach of Mining Company's reservoir. The rule that a person who engages in certain activities may be liable under the doctrine of strict liability for any harm that results was established in

• A) Lyn v. Mining Co.
• B) Palsgraf v. Long Island Railroad Co.
• C) Rylands v. Fletcher.
• D) Congress.

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Definitions:

Adjustment Period

The time frame in which adjustments are made to adapt to new conditions, such as changes in interest rates for adjustable-rate mortgages or the transition period in economic policies.

Demand Increase

A situation where the quantity of a good or service that consumers are willing and able to purchase at a given price rises.

Perfectly Inelastic

A scenario where the quantity demanded or supplied of a good does not change regardless of changes in its price.

Price Range

The spread between the highest and lowest selling price of a good or service in a particular market over a certain period of time.