Question 1

In MDM Group v.CX Reinsurance,CX refused to write ski season insurance policies and was sued by MDM for interference with prospective business.The appeals court held that CX:

Accepted Answer

The answer of In MDM Group v.CX Reinsurance,CX refused to...

Question 2

In a case of intentional interference with contractual relations the claim is:

Accepted Answer

The answer of In a case of intentional interference with...

Question 3

The elements of the tort of interference with a prospective advantage (relationship)include:

Accepted Answer

The tort of interference with a prospective advantage (relationship) involves intentionally interfering with a business relationship or prospective economic advantage. This can include predatory behavior, such as using unfair tactics to gain an advantage over a competitor, but does not include fraud, manipulation of securities, or defamation of a competitor. Therefore, the best choice is C, predatory behavior.

Question 4

In a case of intentional interference with contractual relations the claim is:

Accepted Answer

Intentional interference with contractual relations occurs when another party wrongfully interferes with an injured business's ability to fulfill the terms of a contract. Therefore, the correct choice is A.

Question 5

Meddling with another's business in an unreasonable and improper manner to improve one's own place in the market it an example of the tort of:

Accepted Answer

Interference with prospective advantage involves intentionally interfering with another's business relationships or opportunities in an improper manner for one's own gain. This includes undermining or disrupting business deals, contracts, or other potential agreements, with the goal of gaining a competitive advantage.

Question 6

In MDM Group v.CX Reinsurance,after several years of doing business CX refused to write ski season insurance policies and was sued by MDM for:

Accepted Answer

Interference with prospective business refers to intentional actions taken by one party that prevent another party from entering into a business relationship with a third party. In this case, MDM had a reasonable expectation of continuing its business relationship with CX for ski season insurance policies, but CX's refusal to write such policies interfered with MDM's ability to offer those policies to its customers. This could constitute interference with prospective business and give MDM grounds to sue CX. The other choices are not applicable to this scenario.

Question 7

The elements of the tort of intentional interference with contractual relations include:

Accepted Answer

All of the other specific choices are correct. The tort of intentional interference with contractual relations requires the existence of a contractual relationship between the injured business and another party, the wrongdoer's knowledge of the contractual relationship, and intentional interference with the contractual relationship. Therefore, choice D is the best answer.

Question 8

In MDM Group v.CX Reinsurance,CX refused to write ski season insurance policies and was sued by MDM for interference with prospective business.The appeals court held that CX:

Accepted Answer

The appeals court held that CX was not liable for interference with prospective business because there was no third party involved in the situation.

Question 9

One well-known business torts is:

Accepted Answer

Intentional interference with contractual relations is a well-known business tort in which a third party intentionally induces one of the parties to a contract to breach the contract or prevent the other party from performing their obligations under the contract. This tort involves a deliberate and intentional act on the part of the interfering party.

Question 10

Which tort is concerned with a business attempting to improve itself in the market by interfering with another's business in an unreasonable and improper manner:

Accepted Answer

Interference with prospective advantage, also known as intentional interference with prospective economic advantage, occurs when one business improperly interferes with another business's relationships or opportunities with potential customers or other businesses, with the intent of gaining an advantage in the market. This tort involves conduct that is both intentional and improper, such as inducing a customer to break a contract with a competitor or spreading false rumors about a competitor's products or services.

Question 11

In MDM Group v.CX Reinsurance,CX refused to write ski season insurance policies and was sued by MDM for interference with prospective business.The appeals court held that CX:

Accepted Answer

The appeals court held that CX was not liable for interference with prospective business as it had no obligation to write policies for MDM. Therefore, choice A is the best answer.

Question 12

The law of product liability is primarily concerned with:

Accepted Answer

The law of product liability is concerned with the harms suffered by consumers or users of products as a result of defects in the products. It holds manufacturers, distributors, and sellers responsible for injuries or damages caused by defective products.

Question 13

The law of product liability is primarily concerned with:

Accepted Answer

The law of product liability is concerned with harms suffered by buyers and other persons who use defective products. It sets out the legal responsibilities of manufacturers and sellers for any injuries or damages caused by their products. It is a consumer protection law that places the burden of ensuring product safety on the companies that make or sell the products.

Question 14

The ___________________ is primarily concerned with harms suffered by buyers and other persons who use defective products.

Accepted Answer

The correct term for the area of law concerned with harms suffered by buyers and other persons who use defective products is "product liability law," which is not explicitly listed among the options provided. Therefore, none of the other choices are completely correct.

Question 15

In MDM Group v.CX Reinsurance,after several years of doing business CX refused to write ski season insurance policies and was sued by MDM for:

Accepted Answer

The answer of In MDM Group v.CX Reinsurance,after several years...

Question 16

Privity is:

Accepted Answer

Privity is a legal relationship between two parties who have entered into a contract or have a direct interest in the transaction. It is a term used in contract law to determine who has the right to enforce a contract or who is liable for its breach.

Question 17

In ASC Construction Equipment USA v.City Commercial Real Estate,where City sued ASC for tortious interference with business relations,the appeals court held that ASC could not be made to pay punitive damages because:

Accepted Answer

The appeals court held that ASC could not be made to pay punitive damages because ASC was not a stranger to the business relationship at issue and so could not be sued for tortious interference, which was the only claim put forward that could result in punitive damage awards. This means that ASC did not act improperly by interfering with the business relationship as it was not considered an outsider. Therefore, punitive damages were not appropriate in this case.

Question 18

In MDM Group v.CX Reinsurance,CX refused to write ski season insurance policies and was sued by MDM for interference with prospective business.The appeals court held that:

Accepted Answer

The appeals court held that a defendant cannot be liable for interference with its own contract, which means CX Reinsurance could not be held liable for interference with prospective business in this case.

Question 19

In product liability law,privity refers to:

Accepted Answer

Privity refers to the relationship between contracting parties, specifically the parties who were involved in the contract that led to the sale or purchase of the product that caused harm or injury. This means that only those parties who were in privity (i.e. had a contractual relationship) can sue each other for product liability. Other parties, such as end-users or bystanders, may not have privity and may not be able to sue for product liability.

Question 20

The ___________________ is primarily concerned with harms suffered by buyers and other persons who use defective products.

Accepted Answer

The law of product liability deals with the legal liability of manufacturers and sellers to compensate buyers and others who suffer harms caused by defective products. The other options are not specifically focused on product liability.

Quiz 7: Business Torts and Product Liability

In MDM Group v.CX Reinsurance,CX refused to write ski season insurance policies and was sued by MDM for interference with prospective business.The appeals court held that CX:

In a case of intentional interference with contractual relations the claim is:

The elements of the tort of interference with a prospective advantage (relationship) include:

In a case of intentional interference with contractual relations the claim is:

Meddling with another's business in an unreasonable and improper manner to improve one's own place in the market it an example of the tort of:

In MDM Group v.CX Reinsurance,after several years of doing business CX refused to write ski season insurance policies and was sued by MDM for:

The elements of the tort of intentional interference with contractual relations include:

In MDM Group v.CX Reinsurance,CX refused to write ski season insurance policies and was sued by MDM for interference with prospective business.The appeals court held that CX:

One well-known business torts is:

Which tort is concerned with a business attempting to improve itself in the market by interfering with another's business in an unreasonable and improper manner:

In MDM Group v.CX Reinsurance,CX refused to write ski season insurance policies and was sued by MDM for interference with prospective business.The appeals court held that CX:

The law of product liability is primarily concerned with:

The law of product liability is primarily concerned with:

The ___________________ is primarily concerned with harms suffered by buyers and other persons who use defective products.

In MDM Group v.CX Reinsurance,after several years of doing business CX refused to write ski season insurance policies and was sued by MDM for:

Privity is:

In ASC Construction Equipment USA v.City Commercial Real Estate,where City sued ASC for tortious interference with business relations,the appeals court held that ASC could not be made to pay punitive damages because:

In MDM Group v.CX Reinsurance,CX refused to write ski season insurance policies and was sued by MDM for interference with prospective business.The appeals court held that:

In product liability law,privity refers to:

The ___________________ is primarily concerned with harms suffered by buyers and other persons who use defective products.