Asked by Shannon Flynn on Jun 23, 2024
Verified
What did the Hawaiian court determine about mortgages as a product under product liability law in the Case Nugget Radford v. Wells Fargo Bank?
A) That the case was properly dismissed because the defendant did not have a duty of care to protect the plaintiff from a bad mortgage loan.
B) That a mortgage is in fact "a product" under product liability law.
C) That mortgages are not a "product" that can be subject to a product liability suit.
D) That mortgages are a question of fact and a jury trial is warranted to determine if the mortgage should be considered a product.
E) That federal law placed mortgages in a special category for product liability cases.
Product Liability Law
The legal rules concerning who is responsible for defective or dangerous products sold to consumers.
Mortgages As Product
Financial products that allow individuals to borrow money from a lender to purchase property, using the property as collateral.
- Master the foundational aspects of negligence and product liability principles.
Verified Answer
PM
Payton MaloneJun 27, 2024
Final Answer :
C
Explanation :
The Hawaiian court determined that mortgages are not a "product" that can be subject to a product liability suit, thus aligning with the general legal perspective that financial instruments like mortgages do not fall under the category of products in the context of product liability law.
Learning Objectives
- Master the foundational aspects of negligence and product liability principles.
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