subject: law and economics 1. i. Which of the following is/are essential for an
ID: 1202464 • Letter: S
Question
subject: law and economics
1. i. Which of the following is/are essential for an alleged injurer to be liable under tort law?
(a) Existence of Harm
(b) Existence of ‘causation’ attributable to the injurer
(c) Breach of Duty by the alleged injurer
(d) All of the above
ii. Which of the following is/are true?
(a) Hand rule is used to determine causation
(b) Hand rule is used to determine negligence
(c) Both of the above
(d) None of the above
iii. Which of the following is/are true for liability rules?
(a) Liability assignment is generally necessary for ensuring compensation to the victims of accidents.
(b) For a liability rule to be ecient, it is necessary that in equilibrium theinjurer should bear the accident loss
(c) For a liability rule to be ecient, it is necessary that in equilibrium thevictim should bear the accident loss
(d) None of the above
Explanation / Answer
1) answer is all of the above
2) hand rule is used to describe negligence
3) part a , liability law is used to ensure that compensation is provided to the victims of accident .
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