Which of the Following Is a Defense Used by a Defendant

question 39

Multiple Choice

Which of the following is a defense used by a defendant to demonstrate that his alleged negligent behavior was reasonable, given the available scientific knowledge existing at the time the product was sold or produced?

• A) Assumption of the risk.
• B) Scientific knowledge doctrine.
• C) State-of-the-art defense.
• D) Reasonable behavior defense.
• E) Reasonable manufacturer defense.

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Definitions:

Goodwill

A non-material asset generated from purchasing another company at a cost exceeding the fair market value of its tangible net assets.

Paid-In-Capital Accounts

Accounts representing the funds contributed by shareholders over and above the nominal value of the shares; it's an equity item on the balance sheet.

Consolidating Journal Entry

A journal entry made in the process of combining the financial statements of several departments or subsidiaries into a single set of statements.

Wholly Owned Subsidiary

A company whose entire stock is held by another company, making it completely controlled by the parent company.