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Bob is shopping in Carl's Hardware Store when a nail gun in use by Dan, one of Carl's employees, fires without warning and hits Bob in the leg. Carl checks the gun and discovers that it was assembled improperly. Bob files a suit against Eagle Tools, Inc., the manufacturer of the gun, for product liability, on the ground of strict liability. What are the elements for an action based on strict liability? In whose favor is the court likely to rule and why?
U.S. Treasury Bonds
Long-term government debt securities issued by the U.S. Department of the Treasury, offering a fixed interest rate and guaranteed by the full faith and credit of the U.S. government.
Dog Groomer
A professional who provides cleaning and hygiene services for dogs, such as bathing, hair trimming, and nail clipping.
Product Demand
This term describes the consumers' desire and willingness to purchase a specific product or service at a given price within a specified time frame.
Marginal Revenue Product
The extra income resulting from the use of an additional unit of a production input, such as workforce or investment.
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