Which of the Following Refers to the State-Of-The-Art Defense

question 20

Multiple Choice

Which of the following refers to the state-of-the-art defense?

• A) The defendant proves that a warning on the product would not have helped.
• B) The defendant proves that there was insufficient scientific knowledge to make a safer product at the time it was manufactured.
• C) The defendant proves that the plaintiff had insufficient knowledge to purchase the product.
• D) The defendant proves that the warning could have been understood by any reasonable person.

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Definitions:

Cost Of Inventory

The total cost incurred to acquire, produce, and place inventory items available for sale, including purchase price, shipping, handling, and storage.

Cost Of Goods Sold

An expense representing the total cost of materials and labor required to produce goods that have been sold in a given period.

Inventory

Assets in the form of materials, work-in-progress, or finished goods held by a company to be sold in the ordinary course of business.

Perpetual Inventory System

An inventory management approach where updates to inventory records are made immediately following each transaction.