Courts Examining the Issue Have Reached Varying Results Regarding Whether

question 45

Multiple Choice

Courts examining the issue have reached varying results regarding whether computer software is a product subject to state product liability law.In which of the following situations have courts ruled it subject to liability law?

• A) A user adapted a software program to calculate payment and interest for various scenarios; the program then provided software that appeared to overcharge customers buying lower-priced items.
• B) Software calculated probabilities of various stocks to significantly increase in value and they,in fact,decreased.
• C) Software caused damage to a subscriber's computer and loss of its use.
• D) Software marketed to increase children's vocabularies did not show substantial increases among test subjects.

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Definitions:

Globalization

The act of connecting and merging between individuals, businesses, and state entities globally, frequently motivated by international trade and investment, and supported by information technology.

Financialization

The increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, affecting the management and control of companies and even governments.

Information Technology

The use of computers, networking, and other physical devices and processes to create, process, store, secure, and exchange all forms of electronic data.

"The World is Flat"

A book by Thomas L. Friedman that discusses globalization and its impact on the world economy, proposing that technological advancements have leveled the competitive playing fields between industrial and emerging market countries.