Fun Toyz Corporation Makes Skateboards,which It Sells to Con?sumers,including Gitana

question 14

Multiple Choice

Fun Toyz Corporation makes skateboards,which it sells to con?sumers,including Gitana.Gitana is injured due to a defect in the board that causes an accident in which Haley,a bystander,is also injured.In a product liability suit based on strict product liabil?ity,Fun Toyz may be liable to

• A)Gitana and Haley.
• B)Gitana only.
• C)Haley only.
• D)no one.

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Definitions:

Single Life Annuity Contract

An insurance product that provides a stream of payments for the life of a single individual, ceasing upon their death.

Expected Return

The anticipated average return on an investment over a specific period based on historical data and market analysis.

Exclusion Ratio

In annuities, the proportion of payments considered as a return of the original investment and therefore not subject to income tax.

Life Annuity

A financial product that provides a guaranteed income for the remainder of the annuitant's life in exchange for an initial payment.