If a Party Is Found to Be Partially Liable and Thus

question 55

Multiple Choice

If a party is found to be partially liable and thus only responsible for paying part of the damages relative to their share of the blame,this is known as ________.

• A)due care
• B)breaking even
• C)proportionate liability
• D)a tort

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Definitions:

Negative Externality

A cost that is suffered by a third party as a result of an economic transaction.

Externalities

Occurs when the consumption or production of a good affects someone who does not directly consume or produce that good, which can be either positive or negative.

Costs

Expenses incurred in the production of goods or in the provision of services, including labor, materials, and overheads.

Benefits

The advantages or positive outcomes gained from actions or decisions, often considered in economic, social, or health contexts.