The 20th century product liability law is best characterized by the phrase:
A)res ipsa loquitur.
B)caveat venditor.
C)caveat emptor.
D)laissez-faire.

Question

Quizplus · Accepted Answer

Caveat venditor ("let the seller beware")is the belief that sellers,manufacturers,and their insurers are better able to bear the economic costs associated with product defects,and that they usually can pass on these costs through higher prices.

The 20th Century Product Liability Law Is Best Characterized by the Phrase