Question:
Provide a one-sentence description for each of the terms and how they "fit" within your organization producing "widgets." •• Great care - The high degree of care that a very prudent and cautious person would undertake for the safety of others. Airlines, railroads, and buses typically must exercise great care. • Implied warranty - An automatic warranty, implied by law, that a manufacturer's or dealer's product is suitable for either ordinary or specific purposes and is reasonably safe for use. • Liability - An obligation to rectify or recompense for any injury or damage for which the liable person has been held responsible or for failure of a product to meet a warranty. • Negligence - Failure to exercise a reasonable amount of care or to carry out a legal duty that results in injury or property damage to another.