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What type of liability involves compensation being paid for injuries or damages suffered as a result of wrongful conduct by another?
Product Liability
Strict Liability
Tort Law
Vicarious Liability
The correct answer is: Tort Law
Tort law is the correct answer because it deals with civil wrongs that result in harm or injury to an individual or their property. In the context of the question, tort law specifically addresses compensation for injuries or damages caused by the wrongful conduct of another party. A. Product Liability involves holding manufacturers or sellers responsible for products that cause harm to consumers due to defects or lack of warning labels. This is not directly related to compensation for injuries from wrongful conduct by another. B. Strict liability holds individuals or entities responsible for damages regardless of fault. While it can sometimes be associated with compensating for injuries, it is not the specific legal concept tied to compensation for wrongful conduct by another party. D. Vicarious liability holds one party responsible for the actions of another individual or entity. Although it involves accountability for the actions of others, it does not directly address compensation for injuries or damages resulting from wrongful conduct.