Meg Is Shopping in Nate's Hardware Store When a Nail

question 59

Essay

Meg is shopping in Nate's Hardware Store when a nail gun in use by Ovid, one of the store's employees, fires without warning and hits Meg in the leg. Nate checks the gun and discovers that it was assembled improperly. Meg files a suit against Power Tools Inc., the maker of the gun, on the ground of strict product liability. What are the elements for an action based on strict product liability? In whose favor is the court likely to rule and why?

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Definitions:

Buying and Selling Activity

Transactions involving the purchase and sale of goods and services, analyzed to assess a company's operational performance.

Controlling Interest

A significant shareholding in a corporation that provides the shareholder with the ability to influence or control decision-making processes.

Carrying Value

The recorded net value of an asset or liability on a company's balance sheet, considering factors like depreciation or amortization.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.