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

Product liability is the area of law that deals with the liability of the product and finds the…

Answered: According to the due care theory of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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