A suit involving a dispute for $45,000 over a contract signed in California under California law with parties from two different states would be tried in a California court using California law
a. True
b. False
Indicate whether the statement is true or false
True
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What was the unit product cost? (Round your answer to the nearest cent.)
Hernando Manufacturing, Inc. reported the following information for the year:
A) $4.32
B) $0.86
C) $0.85
D) $1.76
With ________ theory, courts attempt to balance the interests of the plaintiffs in recovering for injuries caused by defective products against the manufacturers' interests in not being held liable for injuries caused by a product they did not
produce. A) free market B) market share C) strict liability D) comparative negligence
HazMat Waste Corporation operates a hazardous waste storage facility. Concerned that there may be a release of chemicals from the site, HazMat sells the property to Investment Holdings, Inc If there is a release, HazMat is most likely
a. liable. b. not liable because the site was sold before the release. c. not liable because HazMat was concerned about the release. d. not liable because HazMat no longer operates the facility.
If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $120 and the loss resulting from that unit if it is not sold (Co) is $360, which of the following is the probability of the last unit being sold?
A. Greater than 0.90 B. Greater than 0.25 C. Greater than 0.85 D. Greater than 0.75 E. None of these