5.4 – Review Questions (PLG1)
Spend quality time responding to the following questions in your own words.
- Describe warranty requirements and explain the three common types of warranties.
- If your purchase does not come with a written warranty, is it still covered by an implied warranty? What if the product is marked “as is”? Do all states permit “as is” sales?
- Describe what product liability means and explain negligence and misrepresentation.
- Describe strict product liability and company liability. Please provide a company example pertaining to product liability.