Strict Product Liability Focuses on the Actions of the Manufacturer

question 30

True/False

Strict product liability focuses on the actions of the manufacturer or seller, not the product.

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Definitions:

After-Acquired Property

Refers to assets or property acquired by a debtor after the execution of a loan agreement which may subsequently become subject to the lender's security interest.

Buyer In Ordinary Course Of Business

Describes a purchaser who buys goods in good faith and without knowledge that the sale violates another party's ownership rights or interests.

Instrument

Any writing that serves as evidence of the right to payment of money.

Writing

The representation of language in a textual medium through the use of a set of signs or symbols.