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16-116-202. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
16-116-202. Definitions.
As used in this subchapter:
(1) “Anticipated life” means the period over which the product may reasonably be expected to be useful to the user as determined by the trier of facts;
(2) “Defective condition” means a condition of a product that renders it unsafe for reasonably foreseeable use and consumption;
(3) “Manufacturer” means the designer, fabricator, producer, compounder, processor, or assembler of any product or its component parts;
(4) “Product” means any tangible object or goods produced, excluding real estate and improvements located thereon. Provided, any tangible object or good produced that is affixed to, installed on, or incorporated into real estate or any improvement thereon shall constitute a product under this subchapter. Provided further, an improvement on real estate shall constitute a product in the event that environmental contaminants exist or have occurred in the improvement;
(5) “Product liability action” includes all actions brought for or on account of personal injury, death, or property damage caused by or resulting from the manufacture, construction, design, formula, preparation, assembly, testing, service, warning, instruction, marketing, packaging, or labeling of any product;
(6)(A) “Supplier” means any individual or entity engaged in the business of selling a product, whether the sale is for resale or for use or consumption.
(B) “Supplier” includes a retailer, wholesaler, or distributor and also includes a lessor or bailor engaged in the business of leasing or bailment of a product.
(C) “Supplier” does not include any licensee, as the term is defined in § 17-42-103, who is providing only brokerage and sales services under a license; and
(7)(A) “Unreasonably dangerous” means that a product is dan
Source: Arkansas Code — historical release 78 (November 6, 2020) · 16-116-202
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:16-116-202
Source file: gov.ar.code.title.16.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 55c7f9a0349c9ffa398f96735fa130fa123dec7026e84133a1065c17087c5b54
Source location: content.xml paragraph 47573
Stored source content
16-116-202. Definitions.
As used in this subchapter:
(1) “Anticipated life” means the period over which the product may reasonably be expected to be useful to the user as determined by the trier of facts;
(2) “Defective condition” means a condition of a product that renders it unsafe for reasonably foreseeable use and consumption;
(3) “Manufacturer” means the designer, fabricator, producer, compounder, processor, or assembler of any product or its component parts;
(4) “Product” means any tangible object or goods produced, excluding real estate and improvements located thereon. Provided, any tangible object or good produced that is affixed to, installed on, or incorporated into real estate or any improvement thereon shall constitute a product under this subchapter. Provided further, an improvement on real estate shall constitute a product in the event that environmental contaminants exist or have occurred in the improvement;
(5) “Product liability action” includes all actions brought for or on account of personal injury, death, or property damage caused by or resulting from the manufacture, construction, design, formula, preparation, assembly, testing, service, warning, instruction, marketing, packaging, or labeling of any product;
(6)(A) “Supplier” means any individual or entity engaged in the business of selling a product, whether the sale is for resale or for use or consumption.
(B) “Supplier” includes a retailer, wholesaler, or distributor and also includes a lessor or bailor engaged in the business of leasing or bailment of a product.
(C) “Supplier” does not include any licensee, as the term is defined in § 17-42-103, who is providing only brokerage and sales services under a license; and
(7)(A) “Unreasonably dangerous” means that a product is dangerous to an extent beyond that which would be contemplated by the ordinary and reasonable buyer, consumer, or user who acquires or uses the product, assuming the ordinary knowledge of the community or of similar buyers, users, or consumers as to its characteristics, propensities, risks, dangers, and proper and improper uses, as well as any special knowledge, training, or experience possessed by the particular buyer, user, or consumer or which he or she was required to possess.
(B) However, as to a minor, “unreasonably dangerous” means that a product is dangerous to an extent beyond that which would be contemplated by an ordinary and reasonably careful minor considering his or her age and intelligence.
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Arkansas Code — all titles (historical 2020) · legal_authorities
17-42-103. Definitions.
As used in this chapter:
(1)(A) “Associate broker” means an individual who has a broker's license and who is employed by a principal broker, or is associated with a principal broker as an independent contractor, and who participates in any activity described in subdivision (10) of this section while under the supervision of a principal broker or executive broker.
(B) An associate broker shall have no supervisory authority over any other licensee;
(2) “Branch office” means a principal broker's office other than his or her principal place of business;
(3) “Broker's price opinion” means an estimate prepared by a licensee that details the probable selling price of real estate and provides a varying level of detail about the real estate's condition, market, and neighborhood, and information about sales of comparable real estate;
(4) “Classroom hour” means a period of at least fifty (50) minutes, but not more than sixty (60) minutes, of actual classroom instruction with the instructor present;
(5) “Continuing education” means postlicensure education derived from participation in courses in real estate-related subjects that have been approved by the Arkansas Real Estate Commission or that are not required to be approved by the commission;
(6) “Continuing education unit” means a period of ten (10) contact hours of actual classroom instruction with the instructor present;
(7)(A) “Executive broker” means an individual who:
(i) Has a broker's license;
(ii) Is employed by a principal broker or associated with a principal broker as an independent contractor; and
(iii) Participates in any activity described in subdivision (10) of this section while under the supervision of a principal broker.
(B) An executive broker may supervise assoc
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-42-103
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 17-42-103. This identifies an authority to review, not proof of applicability.