Collars Are Attractive to Borrowers Because They

question 7

Multiple Choice

Collars are attractive to borrowers because they:

• A) have low prices.
• B) are simple to understand.
• C) eliminate uncertainty.
• D) all of the above.

---

Definitions:

Design Defect

A flaw in the design of a product that makes it unsafe or unfit for its intended use.

Consumer Expectations Test

A legal standard used to determine product liability based on whether a product meets the ordinary expectations of a consumer.

Feasible Alternatives Test

The feasible alternatives test is a legal or regulatory principle that requires the consideration of practical and possible options before proceeding with actions that may have significant effects or risks.

Product Liability Law

The legal rules concerning who is responsible for defective or dangerous products sold to consumers.