A manufacturing defect exists when all products on the line confirm to the product design but something is wrong with the design that makes the entire line of products dangerous to use.
Indicate whether the statement is true or false
Q. 2Which of the following is not true about contingencies?
A. Most contingencies are tied to a deadline for completion
B. Every contingency must be agreed to before the closing can go forward
C. The most common agree to contingency is the mortgage contingency
D. The number of contingencies in the agreement of sale are part of the negotiations between the buyer and the seller
Q. 3Physical harm in the form of personal injury or property damage is required to recover under strict products liability theory.
Indicate whether the statement is true or false
Q. 4The primary advantage in this type of mortgage is that it results in a lower and more enticing interest rate during the first year or two of the loan. After that, the interest rate is subject to fluctuations in the market:
A. Adjustable Rate Mortgage
B. Fixed Rate Mortgage
C. Balloon Mortgage
D. Reverse Mortgage
Q. 5Which of the following is not a product defect?
a. design
b. warning
c. manufacturing
d. all the above are product defects
Q. 6Compare and contrast easements in gross and easements appurtenant.
What will be an ideal response?
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