GR8 Skates Company Makes and Sells a Pair of Skates

question 31

Multiple Choice

GR8 Skates Company makes and sells a pair of skates to Homer.GR8 fails to exercise "due care" to make the skates safe,and Homer is injured as a result.GR8 is most likely liable for

• A)assumption of risk.
• B)knowledgeable use.
• C)negligence.
• D)foreseeable misuse.

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Definitions:

Consideration

In contract law, it refers to something of value exchanged by the parties involved that induces them to enter into the agreement.

Personal Defense

Strategies, methods, or actions employed by an individual to protect themselves from harm.

HDC

Stands for Holder in Due Course, a term in commercial law referring to a party who acquires a negotiable instrument in good faith and for value, thus having certain protections.

Faulty Product

A product that has defects, malfunctions, or does not meet established standards of quality or safety.