According to the due care theory of product liability   Question 2 options:   A company can be held liable for damages from defective products only when there is an understood agreement between the buyer and seller that is established by their behavior   A company can be held liable for damages as long as the product is defective and dangerous   A company can be held liable only when they fail to observe reasonable standards in the design and manufacture of products   All of the above

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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According to the due care theory of product liability

 

Question 2 options:

 

A company can be held liable for damages from defective products only when there is an understood agreement between the buyer and seller that is established by their behavior

 

A company can be held liable for damages as long as the product is defective and dangerous

 

A company can be held liable only when they fail to observe reasonable standards in the design and manufacture of products

 

All of the above

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