Under the doctrine of strict liability, if there is no fault, there is no liability
Indicate whether the statement is true or false
False
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Which of the following is a characteristic of Total Quality Management (TQM)?
a. Decision making power is centrally controlled. b. Functional or departmental boundaries are minimized. c. Cross-disciplinary teams are dismantled. d. Teams perform narrowly focused tasks.
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Indicate whether the statement is true or false
Florence borrows $1,500 from Fremont, leaving her gold necklace with Fremont as collateral. Two weeks earlier, Florence had borrowed $1,000 from Corner Bank. Florence signed a security agreement and a financing statement giving Corner Bank a security interest in the same gold necklace. The financing statement is filed in the appropriate location. If Florence defaults on both loans, which creditor
has the superior rights to the necklace? a. Fremont, because his loan was the first to attach. b. Fremont, because possession takes priority over filing. c. Corner Bank, because Fremont did not perfect his interest. d. Corner Bank, because Fremont did not have a written security agreement.
The new-product development process should
A. start whenever the majority of current products are in the market maturity stage of the product life cycle. B. avoid applying quantitative screening criteria, since applying such criteria tends to eliminate most of the "really new" ideas. C. have ongoing support from top management. D. be informal-to encourage creativity. E. All these answers are correct.