Which of the following is true of adopting the Restatement (Third) of Torts: Product Liability?
A) The seller's liability differed depending on whether the defect was a manufacturing defect, a design defect, or a defective warning.
B) The seller's liability differed depending on whether the plaintiff was a merchant, a consumer, or a minor.
C) The privity limitation was reinstated as a defense to product liability lawsuits.
D) The state-of-the-art defense is permitted by courts in most strict liability cases.
A
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If you grant a nonpossessory interest to Eagle Logging to enter your land and remove timber from ten acres, you have granted Eagle a profit.
Answer the following statement true (T) or false (F)
Assume that the custodian of a $450 petty cash fund has $65 in coins and currency plus $382 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A credit to Cash Over and Short for $3. B. A debit to Cash for $450. C. A credit to Cash for $385. D. A debit to Cash for $382. E. A debit to Petty Cash for $385.
When a waiting system is in steady-state operation, the number of units in the system is not changing
Indicate whether the statement is true or false
The section of Sarbanes-Oxley that prohibits audit firms from providing a wide array of nonaudit services to audit clients is ______________________________. ?
Fill in the blank(s) with the appropriate word(s).