Examlex
The greater the times interest earned ratio, the greater the risk a company is exposed to.
Market Share Theory
Product liability theory which holds that when it is impossible to identify the manufacturer of a particular product that caused harm, the plaintiff may sue all manufacturers of the product, with liability apportioned among them on the basis of each one’s market share.
Products Liability Action
A legal claim against a manufacturer or seller for producing or selling a defective product causing injury or damage.
MacPherson Case
A landmark legal case that established the principle of duty of care in negligence, making manufacturers liable for harm caused by defective products.
Foreseeable Plaintiff
A person who is reasonably expected to be affected by a defendant's actions, thus entitled to protection under the duty of care in negligence law.
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