Which of the following is NOT a basis for bringing an action for damages based on product
liability principles?
A) negligent design
B) defects in the manufacturing process
C) inadequate warning on the product
D) unforeseen risks
E) All of the above can be the basis for bringing a claim
D
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On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to HsuCompany. The terms of the note were $20,000 face value and 6% interest. On October 30, the journal entry torecord the collection of the note should include a
a. credit to Notes Receivable for $20,300 b. debit to Interest Receivable for $300 c. credit to Interest Revenue for $300 d. debit to Notes Receivable for $20,000
Under the 1934 Act, an issuer must register with the SEC if A)it has not completed a public offering under the 1933 Act
B)its securities are not going to be traded on a national exchange. C)it will not be providing investors with a prospectus. D)it has at least 2,000 shareholders and total assets that exceed $10 million.