Examlex
Describe the process that allocates the costs of the tangible and intangible operating assets to expense.
Express Warranty
A seller's promise or guarantee that a product will meet a certain level of quality and reliability, explicitly stated in a contract or by implication through advertising.
Res Ipsa Loquitur
A legal doctrine that allows for the presumption of negligence in a case where the accident occurring is the type which normally does not happen in the absence of negligence.
Product Liability
The legal liability a manufacturer or seller incurs for producing or selling a faulty product resulting in injury or harm to a consumer.
Express Warranty
A clearly stated promise or guarantee by a seller about the quality or functionality of a product.
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