Ask Question
BusinessBusiness
2 November, 03:18

The application of strict liability to product defects is primarily based in federal statute.

a. True

b. False

+4
Answers (1)
  1. 2 November, 03:27
    0
    false

    In the United States, the cases most regularly connected with liability as it relates to product are carelessness, strict obligation, rupture of guarantee, and different buyer insurance claims. The lion's share of item risk laws are resolved at the state level and shift generally from state to state.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The application of strict liability to product defects is primarily based in federal statute. a. True b. False ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The 2020 accounting records of Splish Brothers Inc. reveal these transactions and events. Payment of interest $ 10,400 Collection of accounts receivable $189,500 Cash sales 49,300 Payment of salaries and wages 57,700 Receipt of dividend revenue
Answers (1)
Economies of scale give an advantage to what type of company? A) A company with a small number of employees B) A company that makes many sales C) A company with many variable costs D) A service-based company
Answers (1)
Carter Corporation made sales of $900 million during 2016. Of this amount, Carter collected cash for $871 million. The company's cost of goods sold was $280 million, and all other expenses for the year totaled $325 million.
Answers (1)
When a company needs funds to finance the expansion of its operations, which of the following is not an advantage of issuing bonds rather than issuing stock?
Answers (1)
Discourse Stationery Company is a price-taker and uses target pricing. The company has completed an analysis of its revenues, costs, and desired profits and has calculated its target full product cost.
Answers (1)
New Questions in Business
Halestorm Corporation's common stock has a beta of 1.13. Assume the risk-free rate is 4.8 percent and the expected return on the market is 12.3 percent. What is the company's cost of equity capita?
Answers (1)
A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level. a. true b. false
Answers (1)
A company sells two products with information as follows: A B Sales price per unit $12 $22 Variable cost per unit $10 $10The products are machine made.
Answers (1)
The structural support structure must lift the pipeline above the ground to allow free passage of wildlife under the pipeline. The loading on each truss support must be determined by calculating the weight of oil and of the pipe over each support.
Answers (1)
How is a gas different from a solid or a liquid? A. A gas is made of tiny particles. B. A gas has volume. C. A gas expands to fill the container. D. A gas has density. TY
Answers (1)
Home » Business » The application of strict liability to product defects is primarily based in federal statute. a. True b. False
Sign Up Forgot Password?