Arrow Corporation Makes Archery Supplies

question 47

Multiple Choice

Arrow Corporation makes archery supplies. While using an Arrow bow, Balto is injured due to a defect in the bow that causes an arrow to misfire. Chu, another archer standing by, is also injured. In a product liability suit based on strict product liability, Arrow may be liable to​

• A) ​Balto and Chu.
• B) ​Balto only.
• C) ​Chu only.
• D) ​no one.

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Definitions:

Tee Shirts

Garments typically made of cotton, with short sleeves and no collar, popular as casual wear.

Candy

A sweet confection made from sugar or chocolate and often flavored with fruits, nuts, or other ingredients.

Exchange Equilibrium

A situation in a market where the quantity demanded by consumers is equal to the quantity supplied by producers, leading to a stable price.

Marginal Rates

Rates that apply to the next level of consumption, production, or income, often used in taxation to refer to the percentage of tax applied to the next dollar earned.