If a manufacturer produces a defective product, sells it to a wholesaler, who sells it to a retailer,
who sells it to a consumer who is injured, which parties in the chain of distribution are
potentially liable under strict liability?
A) Only the retailer
B) Only the party at fault
C) Only the manufacturer and wholesaler
D) Only the manufacturer
E) The manufacturer, wholesaler, and retailer
E
You might also like to view...
The imposition of a tariff on imported steel for the home country results in
a. improving terms of trade and rising volume of trade. b. higher steel prices and falling steel consumption. c. lower profits for domestic steel companies. d. higher unemployment for domestic steel workers.
Virginia Jackson is opening Jackson Realty on January 2. For several weeks she has been busy putting together an operating budget for the first quarter of operations for her new business. Virginia has estimated her selling and administrative (S&A) costs as follows:?JanuaryFebruaryMarchDepreciation$ 1,000$ 1,000$ 1,000Marketing expenses2,0001,4001,000Miscellaneous costs500400400Rent expense5,0005,0005,000Salary expense4,0008,0008,000Sales commissions1,0001,2001,400Utilities expense 1,000 800 1,000Total S&A costs before interest$ 14,500$ 17,800$ 17,800All selling and administrative costs are paid when incurred except utilities, marketing expenses, and sales commissions. These items are paid in the
month following the month incurred.Required:1) Prepare a schedule of cash payments for selling and administrative expenses for January through March.2) What liabilities, in what amounts, would be reported on the pro forma balance sheet as of March 31? What will be an ideal response?
When the bond indenture provides that stated amounts of principal will become due during the term of the bond, the bond is called a _____ bond
a. sinking fund b. serial c. callable d. refunded e. convertible
Answer the following statement(s) true (T) or false (F)
1. In the United States, a company can always refuse to hire a candidate solely because of a criminal history. 2. The multiple-hurdle selection model requires that each applicant must pass a particular selection test in order to go on to the next test. 3. The compensatory selection model allows an individual to do poorly on one test but make up for that poor grade by doing exceptionally well on other tests.