(Answered) Briefly sketch the evolution of corporationsthe decision in

Management Studies

Briefly sketch the evolution of corporations?

The decision in Macpherson v. Buick Motor Car (1916) changed our expectations of corporate responsibility from a philosophy of 'Caveat emptor' to one of 'due care' by eliminating the doctrine of privity of contract and introducing strict product liability." Explain this statement as fully as you can.

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