How do the tort theories of negligent product liability and strict product liability differ from each other? List and describe the elements an injured party must establish for recovery under each cause of action
A) Negligence. The two key elements of negligent product liability include duty and breach of duty. A plaintiff injured by purchased goods must show that the seller of the product did not act as a reasonable person in connection with the design, manufacture, or warning given. B) Strict Liability. Unlike negligence, strict liability imposes liability regardless of fault. The injured plaintiff must show that the manufacturer or merchant seller sold a product in a defective condition that was unreasonably dangerous to the user; more dangerous than the ordinary consumer would expect and that the product reached the user without substantial change.
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Natalie transferred $500,000 of bonds to a revocable trust with directions to the trustee to pay income to her aunt for five years, after which the corpus is to be distributed to Natalie's niece. At year-end, the trustee paid $16,000 of income to the aunt. Which of the following is a true statement?
A. Natalie has not made a complete gift because the trust is revocable. B. Natalie has made a taxable gift of $16,000. C. Natalie has made a complete gift of $500,000. D. Natalie has made a taxable gift of $1,000. E. None of the choices are correct.
What are the three ways that characterize most relationships between parties?
What will be an ideal response?
Calculate the unit product cost using absorption costing and variable costing.
Amarantha Corp. has provided the following data for the current year.
Microsoft's Internet Explorer Web browser contains a ________ that executes VBScript code
a) compiler b) object linker c) interpreter d) assembler