Which of the Following Statements Is NOT True

question 28

Multiple Choice

Which of the following statements is NOT true?

• A)A manufacturer's duty towards consumers continues after it places a product on the market.
• B)A retailer may be liable to the consumer for a defective product.
• C)After a manufacturer places a product on the market,its duty towards consumers ends.
• D)A manufacturer's duty to warn its customers may be discharged if the warning is issued to a learned intermediary.
• E)A manufacturer who places a defective product on the market may be liable for negligence.

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Definitions:

Sales

The cumulative revenue generated through the sales of products or services during a designated timeframe.

Costs

The amount of money required to produce or acquire goods or services, including manufacturing, purchasing, and marketing expenses.

Taxes

Compulsory financial charges or levies imposed on individuals or entities by a governmental organization in order to fund public expenditures.

Accounts Payable

Obligations of a company to pay off short-term debts to its suppliers or creditors.