Section 10(b) of the Securities Exchange Act prohibits the use of manipulative and deceptive devices in contravention of the rules and regulations prescribed by the SEC

Grippo decided to warm up her hands by sticking them inside the toaster in her kitchen. Unfortunately, the hot coils inside the toaster burned her hands. She sued the toaster manufacturer on a products liability theory. What should be the result?

A. Grippo should win because the hot coils inside the toaster caused her injuries. B. Grippo should win because the toaster was defectively designed. C. Grippo should lose because she assumed the risk of getting injured. D. Grippo should lose because she was not using the toaster for its intended use.

The Financial Accounting Standards Board (FASB) is the federal regulatory body that governs the sale and listing of securities

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