Proof That a Manufacturer Was Aware of a Defect in Its

question 137

True/False

Proof that a manufacturer was aware of a defect in its product but did not correct it is proof of negligence.

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Definitions:

Rate of Interest

The percentage of principal charged by the lender for the use of its money.

Principal Amount

The initial size of a loan or an investment, excluding any interest or profit that has been added over time.

Fair Value

The price that would be received for selling an asset or paying off a liability, often the market price for an equity or debt security.

Interest-bearing Note

A debt instrument that requires the issuer to pay the lender interest over the life of the note, in addition to repaying the principal amount at maturity.