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A product is defective in design when the foreseeable risks of harm posed by the product could have been reduced or avoided by the adoption of a reasonable alternative design by the seller or other distributor, or a predecessor in the commercial chain of distribution, and the omission of the alternative design renders the product not reasonably ...
Accountability for reasonableness is an ethical framework that describes the conditions of a fair decision-making process. It focuses on how decisions should be made and why these decisions are ethical. It was developed by Norman Daniels and James Sabin and is often applied in health policy and bioethics. [1]
In legal disputes regarding product liability, a consumer-expectations test is used to determine whether the product is negligently manufactured or whether a warning on the product is defective. Under this test , the product is considered defective if a reasonable consumer would find it defective.
The calculator was superseded, in 1982, by the HP-15C.. Although it is argued the HP-41C (introduced late 1979 and only a matter of months after the HP-34C) was a replacement for the HP-34C, they were in fact differentiated as much by price (the HP-34C being 50% that of the HP-41C) as by functionality and performance (the HP-41C being the first HP LCD-based and module-expandable calculator ...
While the term seems to originate in the insurance industry (which applies a form of the reasonable rule by determining, for example, whether it is reasonable for a particular medical procedure to be done on a particular client in order to determine if the medical insurance company will pay for that procedure), it applies in many other areas, including:
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A 4% royalty on sales value for a 5-year period of the license, together with a lump-sum payment of $32000 (risk-free income) on execution of the license is then the 'asking price' in the example. The TTF of this projection is 2.6, implying that for every dollar of royalty paid, the OP to the licensee enterprise is multiplied by this factor.
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