In Ramirez V

question 37

Multiple Choice

In Ramirez v.Plough,Inc.,the case in the text involving the provision of warnings for non-English-speaking Hispanics,the California Supreme Court held that a manufacturer of nonprescription drugs has a duty to warn purchasers about the dangers of its products in ______.

• A) English only.
• B) English and Spanish.
• C) English, Spanish, and Chinese.
• D) All spoken languages in California.

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Definitions:

Stated Rate

The annual interest rate declared on a loan or investment, not accounting for compounding or additional fees.

Effective Interest Method

A method used in accounting to allocate the interest income or expense over the relevant period, adjusting for the impact of discount or premium on the purchase of bonds.

Bond Discount

The difference between the face value of a bond and its selling price when the bond is sold for less than its face value.

Bond Premium

The amount by which the market price of a bond exceeds its face value, often due to lower market interest rates compared to the bond's fixed rate.