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Failure to Warn About a Product's Dangers Can Make an Otherwise

question 39

True/False

Failure to warn about a product's dangers can make an otherwise safe product defective.


Definitions:

Transferability

The ease with which ownership rights of certain assets, securities, or financial instruments can be transferred from one party to another.

Holder in Due Course

A party that acquires a negotiable instrument in good faith and for value, thus obtaining certain rights free from previous defenses.

For Value

A legal consideration given as part of a contract or agreement, indicating that something of value was exchanged.

Instrument

A legal document formalizing an agreement or right, often used in financial transactions or legal proceedings.

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