When Sued for Which of the Following, a Software Supplier

question 60

Multiple Choice

When sued for which of the following, a software supplier is not held responsible for every product defect that causes customer or third-party loss?

• A)breach of warranty
• B)misrepresentation
• C)strict liability
• D)negligence

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Definitions:

Bond Price

The market price at which a bond is traded, reflecting its current value as determined by interest rates, the bond's credit quality, and other factors.

Interest Payments

Payments made to lenders or creditors as compensation for borrowing money, typically calculated as a percentage of the principal amount.

Face Amount

The amount specified on the face of a bond and the amount for which it will sell if the market rate of interest equals the contract rate.

Market Rate

The prevailing interest rate or cost of borrowing expressed as a percentage, available in the financial markets.