Which of the Following Is Not a Product Liability Theory

question 35

Multiple Choice

Which of the following is not a product liability theory that protects buyers and allows them to recover for injury and economic loss?

• A) express warranty
• B) implied warranty
• C) strict tort liability
• D) assumption of the risk

---

Definitions:

Preferred Stock

A category of corporate ownership that holds a superior right over the company's assets and profits compared to common stock.

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date.

Preferred Stocks

Shares of a company that provide dividends to their holders before common stock dividends are issued and typically do not come with voting rights.

Cumulative

Cumulative refers to the total amount accumulated over a period of time, adding up all parts or elements.