BUSINESS LAW EX.1

If Oliver is 55 percent at fault and Port Harbor is 45 percent at fault, under the "50 percent rule," Oliver would recover

$0

Oliver slips and falls on Port Harbor's Tour Boat and is injured. Oliver files a suit against Port Harbor for $500,000. If Oliver is 45 percent at fault and Port Harbor is 55 percent at fault, under contributory negligence principles, Oliver would recover

$0

If Oliver is 55 percent at fault and Port Harbor is 45 percent at fault, under the pure form of comparative negligence principles, Oliver would recover

$225,000 (500,000*.45)

If Oliver is 50 percent at fault and Port Harbor is 50 percent at fault, under the "50 percent rule," Oliver would recover

$250,000 (500,000*.50)

If Oliver is 45 percent at fault and Port Harbor is 55 percent at fault, under the pure form of comparative negligence principles, Oliver would recover

$275,000 (500,000*.55)

In a federal form of government, the national government does not share sovereign power with the states.

FALSE

Interrogatories are written questions for which written answers are prepared by a judge.

FALSE

The extreme risk of an activity is a defense against imposing strict liability.

FALSE

A court's review of an arbitrator's award may be restricted.

TRUE

A product liability action based on negligence does not require privity of contract between the injured plaintiff and the defendant-manufacturer

TRUE

According to the United States Supreme Court, the First Amendment prevents limits from being placed on independent political expenditures by corporations

TRUE

The law imposes strict product liability as a matter of public policy based in part on the assumption that manufacturers can better bear the costs associated with injuries caused by their products.

TRUE