The Doctrine That Imposes Liability on a Seller of a Product

question 50

Multiple Choice

The doctrine that imposes liability on a seller of a product only if the seller sold the defective product directly to the injured party is known as:

• A)Privity of contract.
• B)Resolution of contractual relationships.
• C)Doctrine of direct commercial contacts.
• D)Doctrine of merchants' liability limitations.

---

Definitions:

Financial Advantage

This term refers to the benefits gained in financial terms, which could include lower costs, higher revenues, or any other aspect that improves a company's financial position.

Unit Price

The cost per single item or unit, facilitating cost comparisons and financial analysis.

Outside Supplier

An external entity that provides goods or services to another organization.

Selling Price

The amount for which a product or service is sold to the customer.