Section 402A Provides That Liability Exists Only If the Product

question 50

True/False

Section 402A provides that liability exists only if the product reaches "the user or consumer without substantial change in the condition in which it is sold."

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Definitions:

Physical Flow

Physical flow pertains to the actual movement and processing of goods and materials through a production system or supply chain, often measured to assess efficiency and effectiveness.

Specific Invoice Method

A method used in accounting to record the cost of goods sold based on the specific cost of individual items.

Large Quantities

Refers to the purchasing or production of goods in bulk amounts, often at a reduced cost per unit.

Low-Cost Goods

Products that are sold at relatively low prices compared to other similar products in the market.