Which of the Following Is NOT True Regarding Product Liability

question 32

Multiple Choice

Which of the following is NOT true regarding product liability in the European Union according to the European Union product liability directive?

• A) Both a statute of limitations and a statute of repose are available.
• B) A manufacturer will not be liable if the defect was due to compliance of the product with mandatory regulations.
• C) The directive applies to services as well as products.
• D) A supplier or wholesales is not strictly liable unless the injured party is unable to identify the manufacturer.

Comprehend the structure and implications of interest rates and maturity values of Treasury bills.

Analyze the reasons investors might choose municipal bonds over higher interest revenue options.

Identify and describe different types of bonds, including their issuance status and geographical specifics.

Understand the risk and reward profile of corporate bonds, including high-yield bonds.

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Definitions:

Promoters

Individuals or groups who initiate and assist in the formation and organization of a corporation, often engaging in securing capital, compliance with legal requirements, and bringing together the initial management.

Passive Investor

An individual or entity that invests in stocks, bonds, or other investments without taking an active role in the management or their investment decisions.

Obligations

Duties or responsibilities imposed by law, contract, or moral duty.

Corporation

A legal entity formed under state law that is separate from its owners, providing limited liability and the ability to raise capital through the issuance of shares.