A statute of limitation may restrict the time within which an action in product liability may be brought.

Answer the following statement true (T) or false (F)


True

Business

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The party to a promissory note that agrees to repay money on the maturity date of the note is called the

a. Lender b. Maker of the note c. Payee of the note d. Recipient of the note

Business

When an item has a value in the base period and zero in the analysis period, the decrease is 100 percent.

Answer the following statement true (T) or false (F)

Business

Occasionally, the courts award punitive damages in tort cases to punish the wrongdoer and deter others from similar wrongdoing

Indicate whether the statement is true or false

Business

You have just been hired as the new HR Director of your firm, and have received a complaint and summons served by the sheriff, relaying the lawsuit filed by a former employee. As you read through the complaint, you can see that the employee himself wrote it (and not a lawyer), but think you recognize what your predecessor did wrong. It was this:

a. The employee alleges that he was offered a month's severance pay in exchange for a release of claims against the company. b. The employee alleges he was never told why he was being fired, and thinks it was because he is Irish. He claims discrimination based on national origin. c. The employee alleges he was only given 2 hours to clean out his desk, while a security guard watched. d. The employee alleges he was called into the HR manager's office 4 times over the past 6 months, and given warnings that he was not performing satisfactorily. He alleges that this constitutes harassment.

Business