A contract between a business and a state recognizing the business as an artificial person is known as the
A. articles of partnership.
B. articles of incorporation.
C. S-corporation.
D. stock certificate.
E. proxy.
Answer: B
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Indicate whether the statement is true or false
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Little Bobby, 5 years old, finds his older brother's "Extendo Sword," which is a toy sword that
springs from one foot long to five feet long when a button is pushed on the handle. His mother tells Bobby to put the sword down because he will put someone's eye out if he's not careful. Bobby pushes the button when the sword is pointed toward his face and, just as all properly functioning "Extendo Swords" do, the sword sprang out. Bobby is injured, and under products liability, his parents sue the toy store that sold them the toy. Bobby's parents will most likely: A) Win on the basis of a manufacturing defect. B) Lose if the defendant can show that the sword was a state of the art design. C) Win on the basis of a design defect. D) Lose because of Bobby's contributory negligence; Bobby played with the sword after being told not to. E) Lose if they cannot prove negligence on the part of the toy store.