Manufacturers Can Defend Against Charges of Strict Product Liability by Showing

question 29

True/False

Manufacturers can defend against charges of strict product liability by showing that they were not negligent in the manufacturing process.

---

Definitions:

Stocks

Shares of ownership in a company that represent a claim on part of the company's earnings and assets.

Payoff

The return or outcome received from an investment or decision, which can be positive (profit) or negative (loss).

Risky Undertaking

An action or project that involves a significant chance of failure or loss.

Expected Value

In statistics, Expected Value refers to the sum of all possible values each multiplied by the probability of its occurrence, offering a measure of the center of distribution of a variable.