To Recover for Strict Liability, the Injured Party Need Not

question 21

True/False

To recover for strict liability, the injured party need not show that a product was defective.

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Definitions:

Net Income

The sum a company earns net of all expenses and taxes, deducted from its overall revenue.

Rent Revenues

Income earned by a company or individual from leasing property or other assets to tenants.

Fees Earned

represents revenue gained from providing services, distinct from goods sold, over a specific period.

Accumulated Depreciation

The cumulative total of depreciation costs apportioned to a tangible asset since its initial operation.