Common Law Remedies Are Available to Consumers Injured by Defective

question 18

True/False

Common Law remedies are available to consumers injured by defective goods, in addition to legislative provisions that hold manufacturers strictly liable.

---

Definitions:

Equity Method

An accounting technique used for recording investments in which the investor has significant influence over the investee but does not exercise full control.

Significant Influence

This term refers to the power to participate in the financial and/or operating policy decisions of another entity, but not control those policies. It is often quantified by owning 20% to 50% of the voting shares of the investee company.

Investee

The company whose stock is purchased by the investor.

Held-to-Maturity Investments

Investments in debt securities that a company has the positive intent and ability to hold until maturity.