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

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Antitrust And Regulation
Section: Chapter Questions
Problem 20SQ
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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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