Finance

Which of the following statements about monetary damages awarded by a

Which of the following statements about monetary damages awarded by a court is (are) true? I. The purpose of general damages is to provide benefits for medical expenses or loss of earnings. II. The purpose of punitive damages is to punish the tortfeasor so that others are deterred from committing the same wrongful act. A) […]

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Date: September 19th, 2020

Under one doctrine, a person who understands the danger inherent in an

Under one doctrine, a person who understands the danger inherent in an activity cannot recover damages in the event of injury from the activity. This doctrine is called the A) contributory negligence doctrine. B) assumption of risk doctrine. C) comparative negligence doctrine. D) fellow servant doctrine.     ANSWER Answer: B

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Date: September 19th, 2020

One tort reform permits manufacturers to assert that as long as the pr

One tort reform permits manufacturers to assert that as long as the product conformed to the prevailing technology and production methods at the time it was produced, it cannot be considered a defective product today. This defense is called the A) collateral source rule. B) state of the art defense. C) strict liability defense. D) […]

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Date: September 19th, 2020

Traditionally, federal state, and local governments could not be sued.

Traditionally, federal state, and local governments could not be sued. This immunity had eroded over time. Today, government units may be liable for injuries arising out of money-making activities. Such activities are called A) municipal operations. B) proprietary functions. C) commercial ventures. D) pecuniary interest.     ANSWER Answer: B

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Date: September 19th, 2020