Examlex
Premium on Bonds Payable is additional Interest Expense of the company that issues the bond.
Strict Product Liability
Liability under which, courts may hold the manufacturer, distributor, or retailer liable for any reasonably foreseeable injured party.
Negligence Per Se
A legal doctrine where an act is considered negligent because it violates a statute or regulation.
Breach of Warranty
The failure to fulfill the terms of a promise or claim made regarding the quality or nature of a product or service.
Product Liability Lawsuit
A legal claim brought against a manufacturer, distributor, or seller for damages or injuries caused by a defective or dangerous product.
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