Which Doctrine Holds That Anyone in the Value Chain of a Product

question 10

Multiple Choice

Which doctrine holds that anyone in the value chain of a product is liable for harm caused to the user it the product as sold was unreasonably dangerous because of its defective condition?

• A) doctrine of manufactured products
• B) doctrine of product guaranty
• C) doctrine of warranty
• D) doctrine of strict-liability

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Definitions:

Human Capital Theory

posits that individuals and societies benefit from investments in people's education and skills, equating such investment to building capital.

Economic Success

Economic success is the achievement of financial prosperity and stability, often measured by factors such as income, wealth, and employment status in the context of an individual, organization, or nation.

Family Connections

Relationships and bonds among family members, including immediate and extended relatives.

Income Distribution

The way in which a nation’s total GDP is distributed amongst its population, affecting economic inequality.