Limited liability company
1. Tortfeasor is the term for a person who commits a tort True 2. Proximate cause exists when injuries sustained were too remotely connected to an incident to trigger liability False 3. Bona fide competitive behavior can constitute wrongful interference with a contractual relationship False 4. An ordinary person standard determines whether allegedly negligent conduct resulted in a breach of a duty of care False 5. Hilliard, a clerk at a Games Unlimited store, takes a video player from the…...
Common LawFinanceFranchisingJusticeLawProduct Liability
Japan Business Environment
Japan's industrialized, free-market economy is the third-largest in the world. Japan's productivity is low in agriculture but is it highly competitive and efficient in products that are linked with international trade. The mature industrial economy of Japan is largely due to the well-educated and industrious work force, high savings and investment rates and foreign trade. Japan's agricultural economy is highly subsidized and protected because just 14 percent of its land is suitable for agriculture. That is why the primary products…...
Doctrine of Caveat Emptor
In general, it was believed that the business have the duty responsibility to provide products that fulfill the claims that the business explicitly made about the products on the markets to their consumers. Consumers form expectations about the products they are going to buy based on those claims and thus, leads them enter into a buying contract. The company has the duty to provide consumers what they pay for. However, consumers today were assumed to be wise, knowledgeable and doubtful.…...
ContractEthicsLawProduct LiabilitySafetySocial Contract
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