Which of the Following Are Commonly Used Theories of Recovery

question 10

Multiple Choice

Which of the following are commonly used theories of recovery in product liability cases?

• A) Negligence, negligence per se, and breach of warranty.
• B) Strict product liability, negligence per se, and breach of warranty.
• C) Breach of warranty, negligence, and negligence per se.
• D) Negligence, strict product liability, and breach of warranty.
• E) Civil, criminal, and administrative.

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Definitions:

Normal Goods

Goods for which demand increases when consumer income rises, and decreases when consumer income falls.

Consumption

The use of goods and services by households or individuals, constituting one of the primary components of an economy's aggregate demand.

Consumer Preferences

The inclinations or choices of individuals or groups regarding various goods and services that reflect taste, convenience, affordability, and other factors.

Marginal Rate of Substitution

The rate at which a consumer is willing to give up one good in exchange for another, keeping utility constant.