Examlex

Solved

Liam Has Incurred Injury Due to a Defective Product on December

question 50

Multiple Choice

Liam has incurred injury due to a defective product on December 15,2011.He purchased the defective product on December 15,2010 from Bluestone Inc.The state of his residence has enacted a statute of limitations for strict liability to be three years and enforced the doctrine of comparative fault.Which of the following would be the last date that Liam can sue Bluestone?


Definitions:

Interest

A charge for borrowed money, generally a percentage of the amount borrowed.

Simple Interest Rate

A method of calculating interest where the charge is based only on the original principal, not on the accumulated interest.

Investment

The assignment of monetary values in the hope of making a profit or gaining income.

Interest

A fee paid for the use of borrowed funds, or for delaying the repayment of a debt.

Related Questions