A situation whereby an injured consumer attempts to show that a firm could foresee a potential injury might occur and then decided not to act on that knowledge is referred to as _____.

Question

Quizplus · Accepted Answer

The situation described in the question is an example of negligence, which occurs when a firm fails to take reasonable actions to prevent a foreseeable harm from occurring. This is different from strict liability, which holds a firm responsible for any harm that results from its products, regardless of whether it could have foreseen the harm or not. Absolute liability and noncompensatory liability are not relevant to this situation. Compensatory liability is not a commonly used term in the context of product liability.

A Situation Whereby an Injured Consumer Attempts to Show That