Which of the following is a demerit of the liability system?
A) The liability system is costly to operate.
B) Punitive damages awards are largely governed by strict constitutional guidelines.
C) The insurance system prohibits firms to insure against the risks of damage awards.
D) The standard of strict liability assigns too much of the cost of injuries to consumers and too little to firms, distorting the incentives for care.
Correct Answer:
Verified
Q40: A _ allows the recipient to restrict
Q41: In the United States and in other
Q42: From the perspective of producers, damage awards
Q43: The law pertaining to product safety developed
Q44: What is common law? What is the
Q46: Describe the principal forms of protection for
Q47: What remedies do courts use in the
Q48: Which of the following is true with
Q49: The punitive damages system has been criticized
Q50: The products liability system has been criticized
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