Do-It-Rite Inc

question 49

Multiple Choice

Do-It-Rite Inc. makes and markets tools. Evan uses a Do-It-Rite power screwdriver to scrape grout-a purpose for which it was not intended-and is injured when the tool slips. Evan files a product liability suit against the maker. The defendant's best defense is most likely

• A)commonly known danger.
• B)assumption of risk.
• C)inadequate warning.
• D)product misuse.

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Definitions:

Quorum

The minimum number of members required to be present at a meeting to make the proceedings of that meeting valid.

Shareholders Meeting

A gathering of the shareholders of a company where decisions regarding the company's affairs are discussed and voted on.

Model Nonprofit Corporation Act (MNCA)

A template legislation that provides a basis for the statute governing nonprofit corporations in some states.

Quorum

The minimum number of members required to be present at a meeting to legally conduct business.