Question
Distler Cigarette Corp. is worried that it may be sued and held liable in a court of law and ordered to pay a large $$
Distler Cigarette Corp. is worried that it may be sued and held liable in a court of law and ordered to pay a large $$ award to a smoker harmed by the firms products. The characteristics of the legal system that serve to increase the frequency and severity of loss are known as:
| 1. | moral hazard.
| |
| 2. | particular risk.
| |
| 3. | speculative risk.
| |
| 4. | legal hazard. |
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Intermediate Financial Management
Authors: Eugene F. Brigham, Louis C. Gapenski
4th Edition
0030754828, 978-0030754821
