Product liability is the legal liability manufacturers and sellers have for defective products that cause injury to purchasers, users, bystanders, or their property
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is characteristic of a pure market allocation system?
A) The consumers decide what goods will be produced and by whom. B) The state determines the goods that consumers should use. C) It has limited economic integration with the rest of the world regions. D) It fails to utilize the market mix elements when demand exceeds supply.
Treasury stock
a. purchases can be a severe drain on cash. b. may be preferred stock. c. reduces the assets of a company. d. are all of these.
A(n) ________ is an increase in the value of personal property because it is added to or improved by natural or manufactured means
A) arraignment B) accession C) lien D) bailment
The relevant geographical market is always considered state-wide
Indicate whether the statement is true or false