Garage Magic, Inc

question 52

Multiple Choice

Garage Magic, Inc., contracts for the sale of a certain number of garage door openers to Home & Yard Hardware stores. Ian buys one of openers. The applicable statute of limitations prescribes a period of four years. To bring a product liability claim against Garage Magic, Ian must file a suit within four years of​

• A) ​Ian's discovery of an injury caused by the opener.
• B) ​Garage Magic's sale of the opener to Home & Yard.
• C) ​Garage Magic's design of the opener.
• D) ​Home & Yard's sale of the opener to Ian.

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Definitions:

Act of State Doctrine

A principle in international law that prohibits a country's courts from examining the validity of public acts committed by another country within its own territory.

Conglomerate Merger

A type of merger where two or more companies operating in different industries join forces or assets.

Phony Commissions

Fraudulent or deceptive act of generating illegitimate earnings through fabricated sales or referrals, often involving unethical business practices.

Robinson-Patman Act

In the United States, a federal statute that disallows any anticompetitive behavior by producers, with an emphasis on the rejection of discriminatory pricing.