What Are Institutions

question 17

Multiple Choice

What are institutions?

• A) enduring customs and concrete organizations
• B) enduring customs, such as marriage
• C) concrete organizations, such as schools
• D) enduring customs, concrete organizations, and members of social groups

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Definitions:

Breach Of Warranty

The violation of a promise or guarantee made about the quality or condition of a product or service, which can give rise to legal action for damages.

Theory Of Liability

The legal concept or basis upon which a party can be held accountable for a wrong or damage in a lawsuit.

Restatement (Third) Of Torts

A compilation by legal scholars summarizing the common law of torts in the United States, aiming to clarify principles and rules.

Strict Liability

A legal doctrine that holds an individual or entity responsible for their actions or products, regardless of fault or intent, particularly in cases of harm or damage.