The term privity of contract refers to:
a. the relationship that exists between the parties to a contract b. damage awards provided by juries in products liability cases
c. the requirement that products liability law have its origin in the common law of contracts d. the risk that a product is of adequate legal quality
e. the requirement that products liability litigation must be brought by private citizens
a
You might also like to view...
What is the only word in the Arnold, Fletcher, and Hobson abstract (see Qualitative Sport Management Study) that gives the reader an indication that the researchers have used a qualitative research approach?
A. Results B. Negative Effects C. Positive Effects D. Interviewed
The optimal solution to this linear program is
A) x1 = 0, x2 = 0. B) x1 = 34, x2 = 40. C) x1 = 6, x2 = 11. D) x1 = 7.33, x2 = 6. E) x1 = 3, x2 = 6.
Rafi, a van driver for Speedy Delivery Company, causes a multi-vehicle accident on a city street. Rafi and Speedy are liable to
a. all those who were injured. b. only those who were uninsured. c. only those whose injuries could have been reasonably foreseen. d. only those whose vehicles were closest to Rafi's van.
Iacob Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $103.40 per unit. Sales volume (units) 5,000 6,000Cost of sales$315,500 $378,600Selling and administrative costs$162,500 $177,600 The best estimate of the total contribution margin when 5,300 units are sold is:
A. $213,590 B. $56,710 C. $133,560 D. $41,340