The Increasing Use of Comparative Principles in Product Liability Cases

question 21

True/False

The increasing use of comparative principles in product liability cases is due to the popularity of the three traditional defenses used in product liability cases.

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Definitions:

Deceased Partner

A Deceased Partner is a member of a partnership who has passed away, raising considerations regarding the continuation or dissolution of the business under partnership laws.

Majority Vote

A decision-making process where more than half of the votes cast by members eligible to vote are needed to pass a resolution or make a decision.

Unanimous Vote

A voting result in which all participants agree and vote the same way on a particular issue or election, showing total agreement.

Proceeds

Whatever is received on the sale, exchange, collection, or other disposition of collateral.