Examlex
For each of the following separate cases,use the information provided to calculate the missing cash inflow or cash outflow using the direct method.
Product Liability
The legal liability a manufacturer or trader incurs for producing or selling a faulty product.
Negligence
The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, resulting in harm or damage.
Design Defect
A flaw in the planning or design of a product that makes it inherently unsafe or faulty.
Alternative Design
A different approach or solution, often proposed to address flaws in an original design concept.
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