Question
Business Law: You manufacture a childen's toy and received three complaints that the toy seriously injured a child. Select the answer that provides the most
Business Law:
You manufacture a childen's toy and received three complaints that the toy seriously injured a child. Select the answer that provides the most likely and legally correct outcome.
A. You pay the families damages and ask for a confidentiality agreement as part of the settlement to keep the word from getting out on your product
B. You inform the Federal Trade Commission about the problems and consider what action you should take pending an FTC order
C. You immediately take all the product off the shelf, but do not inform the FTC and existing customers because the number of injuries was very limited compared to the number of products sold
D. You wait to see if anyone else gets injured and report to the FTC when the problem is clearly a problem
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