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Category : Law
Posted on 10/25/2014 at 8:53:27 PM
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LAW531 LAW/531 WEEK 2 QUIZ 20/20
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Posted on 10/25/2014 at 8:53:27 PM
Posted By : Bestmind
1. Mary was getting a ride home in John’s new car. On the way, a malfunctioning brake caused an accident and both Mary and John were injured. Which of the following statements is true of the situation? Mary can file a negligence lawsuit against the dealership that sold Jon his car. Mar can file a strict liability suit against John John can file a negligence lawsuit against the dealership from which he bought the car. Mary can recover damages for her injury under a theory of strict liability against the manufacturer of John’s car. 2. Select the option which best completes this statement: Enterprise Risk Management is most effective when it is a(n)___________ process. Ongoing One-time Informal Static 3. Dorothy purchases a chair that was made by Woode Designs, Inc. While making the chair, the legs were not fixed properly to the base. When Dorothy sits on the chair, it breaks and she is injured. In a strict liability lawsuit, which of the following can Dorothy cite as a defect in the chair? Defect in design Failure to provide adequate instructions Failure to warn Defect in manufacture 4.Which of the following statements below best describes the concept of Enterprise Risk Management? People, systems, and processes working together across the organizations to systematically thin about and manage a wide range of risks that could impede achieving organizational objectives/ opportunity. Management of a single function of an organization that, upon implementation and testing, is then processed entity wide A process affected by

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