If a manufacturer produces a defective product, sells it to a wholesaler, who sells it to a retailer,
who sells it to a consumer who is injured, which parties in the chain of distribution are
potentially liable under strict liability?
A) Only the retailer
B) Only the party at fault
C) Only the manufacturer and wholesaler
D) Only the manufacturer
E) The manufacturer, wholesaler, and retailer
E
Business
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Suppose an investor earned a semiannual yield of 6.4 percent on a bond paying coupons twice a year. What is the effective annual yield (EAY) on this investment?
A) 12.80% B) 6.40% C) 6.50% D) None of the above
Business
The financial ratio measured as earnings before interest and taxes, divided by interest expense is the:
A. cash coverage ratio. B. debt-equity ratio. C. times interest earned ratio. D. gross margin. E. total debt ratio.
Business