Which of the Following Does NOT Need to Be Established

question 30

Multiple Choice

Which of the following does NOT need to be established in order for a manufacturer to be liable for defective goods?

• A)A person is injured.
• B)The goods have a safety defect.
• C)The injury was foreseeable.
• D)The manufacturer supplies goods in trade or commerce.

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Definitions:

Acquisition

The process of obtaining control of another company by purchase or exchange of stock.

Section 17(a)

Section 17(a) typically refers to a specific provision within a particular legal framework or document, needing clarification regarding the context (e.g., in securities law, it refers to a section of the Securities Act of 1933 addressing fraud).

1933 Act

The 1933 Act, officially the Securities Act of 1933, is a U.S. law enacted to govern the initial sale of securities by issuers to the public, aiming to ensure transparency and prevent fraud.

Material Fact

A fact that if known might have influenced the decision of a party in making a contract, agreement, or understanding.