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    Game Theory in Business and Economics
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    Exam 14: Torts and Contracts
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    Liability Refers To
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Liability Refers To

Question 18

Question 18

Multiple Choice

Liability refers to:


A) The failure to exercise the same care exercised by a reasonable person.
B) The failure to refrain from committing an act that a reasonable person would not.
C) The legal responsibility for an act of commission or omission.
D) A convicted criminals debt to society.
E) Answers a and b.

Correct Answer:

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