Which of the Following Was the Result in Radford V

question 34

Multiple Choice

Which of the following was the result in Radford v.Wells Fargo Bank,the case in the text in which the plaintiff sued claiming that a mortgage loan was a defective product?

• A) The court allowed the case to proceed on the basis that a loan is a product.
• B) The court ruled that while a loan is a product, the plaintiff was barred from proceeding because he had not alleged that he was in mortgage foreclosure, a necessary predicate for a lawsuit alleging defect based on a mortgage loan.
• C) The court ruled that while a loan is a product, the plaintiff was barred from proceeding because he had not alleged usury, a necessary predicate for a lawsuit alleging defect based on a mortgage loan.
• D) The court ruled that while a loan is a product, the plaintiff was barred from proceeding because he had not alleged that he was in bankruptcy, a necessary predicate for a lawsuit alleging defect based on a mortgage loan.
• E) Recognizing that product liability focuses on tangible items, the court ruled that a loan is not a product for purposes of product liability law.

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Definitions:

Efficiency Wages

Wages set above the equilibrium level by employers to increase worker productivity, motivation, and loyalty.

Worker Turnover

The rate at which employees leave a company and are replaced by new employees, often used as an indicator of workplace satisfaction and stability.

Production Costs

The total expenses incurred in the manufacture of a product or the delivery of a service, including labor, materials, and overhead costs.

Unemployment Data

Statistical information that measures the number of people who are actively seeking work but cannot find employment, reflecting the health of an economy.