Which of the following is true about the standard adopted by the Restatement (Third) of Torts for design defects?
A) It is based on strict liability.
B) It is based on reasonableness.
C) It is a negligence-based test on the duty to warn.
D) It is based on the defendant's intent.
B
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Under the Restatement of the Law Third, Agency,
A. Actual authority does not continue after termination by operation of law. B. Revocation of authorization of the agent must be in writing. C. Apparent authority may still exist after constructive notice of the termination. D. Bankruptcy terminates apparent authority.
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In connection with a contract, what is rescission?
A) A return of consideration to the other party B) A formation of a second contract identical to the first C) A court order to perform one's duties under a contract D) An undoing or cancellation of the contract
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