In the 1913 case Mazetti v. Armour, the court held that privity of contract had to be proved before a plaintiff could sue a food company for breach of warranty in a product defect case
a. True
b. False
Indicate whether the statement is true or false
False
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The practice of comparing a company with its prior performance or with best practices from other companies is called ________.
A) benchmarking B) competitive analysis C) differentiation analysis D) budgeting
The legal system of a country is
A. the collection of governing principles, legislation, and regulations enacted to provide for the welfare of the country. B. the laws and their interpretation by citizens, but not noncitizens. C. a collection of folkways, rules, and regulations whose goal is to support civil harmony. D. whatever the local sheriff or ruler says it is.
Xtra Company purchased goodwill from Argus for $144,000. Argus had developed the goodwill over 6 years. How much would Xtra amortize the goodwill for its first year?
A) $8,640 B) $24,000 C) Goodwill is not amortized. D) Not enough information.
Activity-based costing is a method of cost allocation that is useful for assigning ____ costs to products or services
A) direct materials B) direct labor C) overhead D) direct materials and direct labor