Negligence Product Liability Cases

question 78

Multiple Choice

Negligence product liability cases:

• A)are the same as 402A cases.
• B)have no defenses.
• C)require proof of privity.
• D)none of the above

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Definitions:

Residual Income

The income that remains after all personal debts and expenses have been paid, or in business, the net income after deducting cost of capital from operating profit.

Investment Center

A business segment within a company for which the manager has control and responsibility over cost, revenue, and investments.

Target Income

The specific amount of net income that a company aims to achieve for a certain period.

Investment Turnover

Investment turnover measures how efficiently a company generates sales from its investment in fixed assets.