Sharp Computer Corporation Makes Hard Drives

question 31

Multiple Choice

Sharp Computer Corporation makes hard drives.Tally discovers that her Sharp drive is defective and sues the maker for product liability based on misrepresentation.To win,Tally must show that

• A)Sharp sold the drive to Tally.
• B)Tally knew and appreciated the risk caused by the defect.
• C)Tally relied on the misrepresentation.
• D)the "defect" was a commonly known danger.

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Definitions:

S Corporation

A corporation that enjoys the tax status of a partnership.

Nonresident Alien

An individual who is not a U.S. citizen or resident but may have tax or legal obligations in the U.S. based on income or presence.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and obligations.

Statement of Purpose

A written document outlining an individual's intentions and objectives in a specific context, often used in academic and professional settings to explain motivations and goals.