Register
The Fun Tyme Toy Company discovers that one of its products can easily break, exposing children to potential injury from the sharp parts. Under the Consumer Product Safety Act of 1972, how long does Fun
58,833 views
35 votes
35 votes
The Fun Tyme Toy Company discovers that one of its products can easily break, exposing children to potential injury from the sharp parts. Under the Consumer Product Safety Act of 1972, how long does Fun Tyme have to report this defect to the Consumer Product Safety Commission

User Todd Ellner
by
3.0k points

1 Answer

17 votes
17 votes

Answer:

The Fun Tyme Toy Company

According to the Consumer Product Safety Act of 1972, Fun Tyme has 24 hours following the discovery of the defect to report it to the Consumer Product Safety Commission.

Step-by-step explanation:

The purpose of creating the Consumer Product Safety Commission by Congress in 1972 is to ensure that consumers are adequately protected from unreasonable risks of injuries associated with all types of consumer products. The reasonable time to report a defect in any consumer product is within 24 hours after the discovery is made. There are penalties for failure to comply with existing regulations on consumer product safety.

User Harneet Singh
by
2.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
Link Copied!