The American Law Institute's definition of strict liability has been revised in:

a. the Bill of Rights b. the Constitution
c. the Second Amendment of the U.S. Constitution d. the Restatement (Third) of Torts
e. none of the other choices are correct


c

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On April 1, 2016, Bennett Corporation purchased a new machine on a deferred payment basis. A down payment of $5,000 was made and 10 monthly installments of $14,000 each are to be made beginning on May 1, 2016. The cash equivalent price of the machine was $130,000. Bennett incurred and paid installation costs amounting to $6,000. The amount to be capitalized as the cost of the machine is

A) $130,000 B) $136,000 C) $145,000 D) $151,000

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Exculpatory clauses are void as against public policy if they affect the public interest

Indicate whether the statement is true or false

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Which of the following is a reason why workers in America and Japan work long hours?

A. High cost of living B. Globalized national cultures C. Economic stagnation D. Low employee turnover

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In general, the greater a firm's current assets relative to its short-term obligations, the better able it will be to pay its bills as they come due

Indicate whether the statement is true or false

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