[Code of Federal Regulations]
[Title 16, Volume 2]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 16CFR1115.11]

[Page 164]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
             CHAPTER II--CONSUMER PRODUCT SAFETY COMMISSION
 
PART 1115--SUBSTANTIAL PRODUCT HAZARD REPORTS--Table of Contents
 
                    Subpart A--General Interpretation
 
Sec. 1115.11  Imputed knowledge.

    (a) In evaluating whether or when a subject firm should have 
reported, the Commission will deem a subject firm to have obtained 
reportable information when the information has been received by an 
official or employee who may reasonably be expected to be capable of 
appreciating the significance of the information. (See Sec. 1115.14(b).)
    (b) In evaluating whether or when a subject firm should have 
reported, the Commission will deem a subject firm to know what a 
reasonable person acting in the circumstances in which the firm finds 
itself would know. Thus, the subject firm shall be deemed to know what 
it would have known if it had exercised due care to ascertain the truth 
of complaints or other representations. This includes the knowledge a 
firm would have if it conducted a reasonably expeditious investigation 
in order to evaluate the reportability of a death or grievous bodily 
injury or other information. (See Sec. 1115.14.)