Many companies have argued that the evolution of strict liability has:
A) Unfairly burdened them with excess costs.
B) Decreased liability insurance rates.
C) Increased corporate revenues and dividends.
D) Changed top management's attitude about the consumer.

Question

Quizplus · Accepted Answer

Many companies have argued that the evolution of strict liability has unfairly burdened them with excess costs. Strict liability means that if a product is found to be defective, the manufacturer is responsible, regardless of whether or not they were negligent in their production or design. This can lead to increased costs for companies as they invest in safer products and procedures to avoid liability claims.

Many Companies Have Argued That the Evolution of Strict Liability