Under the Theory of Industry Wide Liability, When It Is

question 24

Multiple Choice

Under the theory of industry wide liability, when it is impossible to successfully identify the particular manufacturer that caused the harm, courts will:

• A) apportion liability among manufacturers based on market share.
• B) make the plaintiff identify a likely manufacturer.
• C) withhold liability among the firms in that industry that could have produced the product.
• D) prohibit further manufacturing of the product.

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Definitions:

Variable

An element, feature, or factor that is liable to vary or change.

Fixed

Pertains to expenses that remain constant for a given period regardless of the level of production or business activity.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Estimated

An approximation or informed guess of a value, quantity, or outcome based on available data.