For Fraud to Be the Basis of Liability in a Product

question 60

True/False

For fraud to be the basis of liability in a product liability suit, the misrepresentation must have been unintentional.

---

Definitions:

Robinson-Patman Act

An anti-discrimination law aimed at protecting small businesses from unfair competition practices by larger companies, particularly in the context of price differentiation.

Functional Discounts

Price reductions given to intermediaries in the distribution chain for performing certain functions like storage, distribution, or sales efforts.

Price Discrimination

The practice of charging different prices to different customers for the same product or service, typically without a difference in cost.

Price Discrimination

The practice of selling the same product to different buyers at different prices, often based on market power.