Damages awarded for losses that can be determined or measured are A) special damages. B) general damages. C) punitive damages. D) comparative damages. ANSWER Answer: A
Date: September 19th, 2020
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) […]
Date: September 19th, 2020
Which of the following may give rise to imputed negligence? A) employer-employee relationships B) injury to a trespasser C) sole proprietorships D) attractive nuisance situations ANSWER Answer: A
Date: September 19th, 2020
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
Date: September 19th, 2020
A common situation involving strict liability includes which of the following? A) operating a motor vehicle B) blasting operations C) manufacturing a product D) mining operations ANSWER Answer: B
Date: September 19th, 2020
A corporation needing cash sells securities to investors in the secondary market. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Maximization of shareholder wealth A) provides benefits to society as scarce resources are directed to their most productive use. B) is not a practical goal since it cannot be measured effectively. C) is achieved only if cash flows exceed accounting profits. D) represents a zero sum game in which one corporation gains at the expense […]
Date: September 19th, 2020
Which of the following statements about the legal obligations of a property owner is (are) true? I. A property owner must inspect the premises for the benefit of an invitee and correct any unsafe conditions. II. A property owner has the right to set a trap designed to injure a trespasser. A) I only B) […]
Date: September 19th, 2020
All of the following requirements must be met to satisfy the doctrine of res ipsa loquitur EXCEPT A) The injured party has not contributed to the accident in any way. B) The injured party must prove negligence on the part of the defendant. C) The event is one that normally does not occur in the […]
Date: September 19th, 2020
Under certain conditions, the wrongful acts of one person can be attributed to another person. This practice is called A) imputed negligence. B) mediation. C) comparative negligence. D) strict liability. ANSWER Answer: A
Date: September 19th, 2020
