In Determining Whether a Manufacturer Must Provide a Warning on a Product

question 34

True/False

In determining whether a manufacturer must provide a warning on a product, the courts consider only the likely number and severity of accidents that are likely to occur if such a warning is lacking.

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Definitions:

Offer

A proposal presented by one party to another as a basis for negotiation, intending to create a binding legal agreement upon acceptance.

Interim Agreement

A binding contract that will subsequently be put into a more formal document; usually referred to as an agreement of purchase and sale in a real estate transaction.

Binding Contract

A legal agreement between parties that is enforceable by law, where each party has specific obligations.

Agreement

A mutual understanding between two or more parties about their respective rights and duties regarding past or future performances.