Singapore American School ECON 102 QUIZ 8 1)What is the best answer in describing strict liability: Strict liability as a basis of finding blame has been replaced by the requirement of fault Under strict liability where a loss occurs, the responsible party is only liable where they are at fault   Where fault is assessed, the standard of care may be so high that the finding is tantamount to strict liability Strict liability is still used for any activities which are inherently dangerous, for example bungee jumping   Under the principle of vicarious liability, which answer is best? The employer is liable for all acts of employees      The employee and employer share the loss as joint tortfeasors so liability is apportioned between them The act complained of must be within the scope of the employees employment The harmed party must claim from the employer first, then if the employer is unable to pay, may claim from the employee   When a professional is in a fiduciary relationship This contractual relationship requires complete fidelity and loyalty It imposes liability where there is not negligence The contractual duty imposed prevents any personal profit-making without consent as a result of the relationship The special contractual relationship of trust requires complete loyalty and fidelity       Question: Which of the following best describes the primary purpose of tort law? To punish wrongdoers b )To compensate victims of wrongful conduct To force people to do good

Singapore American School

ECON 102

QUIZ 8

1)What is the best answer in describing strict liability:

1. 1. Strict liability as a basis of finding blame has been replaced by the requirement of fault
   2. Under strict liability where a loss occurs, the responsible party is only liable where they are at fault

1. 3. Where fault is assessed, the standard of care may be so high that the finding is tantamount to strict liability
   4. Strict liability is still used for any activities which are inherently dangerous, for example bungee jumping

2. Under the principle of vicarious liability, which answer is best?
   1. The employer is liable for all acts of employees
   2.      The employee and employer share the loss as joint tortfeasors so liability is apportioned between them
   3. The act complained of must be within the scope of the employees employment
   4. The harmed party must claim from the employer first, then if the employer is unable to pay, may claim from the employee

3. When a professional is in a fiduciary relationship
   1. This contractual relationship requires complete fidelity and loyalty
   2. It imposes liability where there is not negligence
   3. The contractual duty imposed prevents any personal profit-making without consent as a result of the relationship
   4. The special contractual relationship of trust requires complete loyalty and fidelity

4. Question: Which of the following best describes the primary purpose of tort law?
   1. To punish wrongdoers

b )To compensate victims of wrongful conduct

3. To force people to do good. for example, rescue those in trouble
4. To prevent crime

5. To win her action in negligence against a professional person, the plaintiff must prove, amongst other things, that the defendant's conduct was below an acceptable standard of care. Which of the following is the legal standard of care demanded of a professional person?
   1. That she act to the very best of her ability
   2. That she act as may reasonably be expected of the reasonably prudent professional in that class
   3. That she act as a reasonably prudent person
   4. That she act sincerely and as may reasonably be expected of a skilled professional