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Briefly Discuss the Meaning of Strict Liability and Outline the Strategies

question 61

Essay

Briefly discuss the meaning of strict liability and outline the strategies that a defendant may take to fight a charge of strict liability.


Definitions:

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future.

Balance Sheet

A financial statement that presents a company's assets, liabilities, and shareholders' equity at a particular point in time, offering a snapshot of its financial condition.

Future Expenses

Anticipated costs or financial obligations a company expects to incur in the future.

Note Payable

A written promise to pay a specific sum of money at a future date, typically including interest payments.

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