In a Product Liability Action in Which Strict Liability Is

question 55

Multiple Choice

In a product liability action in which strict liability is alleged, courts focus on ________.

• A) Whether the product was in a defective condition and unreasonably dangerous when sold
• B) Whether the manufacturer was negligent
• C) Whether the seller exercised all possible care in the preparation and sale of the product
• D) Whether the consumer had a contractual relationship with the seller
• E) Whether the manufacturer knew of a problem with the product

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Definitions:

CCA Class

Stands for Capital Cost Allowance Class, a categorization in Canadian tax law used to determine the depreciation rate for tax purposes on tangible capital assets.

Book Value

The net value of a company's assets, minus its liabilities and intangible assets, as recorded on the balance sheet.

Depreciated

Describes the reduction in value of an asset over time, often due to wear and tear or obsolescence.

Current

Pertaining to the present time or most recent; also refers to assets and liabilities expected to be used or paid within a year.