In Wyeth v. Levine, where Levine sued the drug developer Wyeth for failure to warn after she lost her forearm and hand after being given a drug by IV-push, a method known to have risks, the U.S. Supreme Court:
a. dismissed the state court's judgment for Levine because it was impossible for Wyeth to comply with both federal and state labeling regulations
b. dismissed the state court's judgment for Levine because it was not impossible for Wyeth to comply with both federal and state labeling regulations
c. upheld the state court's judgment for Levine because it was not impossible for Wyeth to comply with both federal and state labeling regulations
d. awarded Levine additional damages
e. reversed the state court's decision for Levine and ordered her to pay Wyeth's attorney fees
c
You might also like to view...
Answer the following statements true (T) or false (F)
1) A corporation is a business organized under federal law that is a separate legal entity. 2) Most well-known companies are corporations and tend to be large multinational businesses. 3) A corporation is a separate legal entity that is organized independently of its owners. 4) Stockholders of a corporation are not personally liable for the corporation's debt. 5) The stock of public corporations cannot be purchased on a stock exchange.
Wireless Technologies reports sales of $50 million. Accounts receivable at the beginning and end of the year are $5 million and $7 million, respectively. What is the amount of cash received from customers?
A. $50 million. B. $52 million. C. $55 million. D. $48 million.
A product based on new technology faces greater competition from indirect competitors in the
initial phases of its life cycle. Indicate whether the statement is true or false
Land costing $78,000 was sold for $93,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
A) $78,000 B) $93,000 C) $108,000 D) $15,000