Examlex
What are the two ways that a company can obtain new products?
line extension and brand management
internal development and merger
new-product development and acquisition
service development and product extension
market mix modification and research and development
Misrepresentation
A false statement or omission of a fact that induces another party to enter into a contract or transaction under false pretenses.
Product Liability Suit
A legal claim brought against a manufacturer or seller for producing or selling a faulty product that caused harm to the consumer.
Defective Product
An item that is not fit for its intended purpose due to manufacturing flaws, design defects, or inadequate warnings, potentially leading to consumer harm.
Unreasonably Dangerous
A description of a product's condition being beyond the expected level of danger for typical use, posing risks to users.
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