In the Monsanto Co v. Geertson Seed Farms case discussed in the text, plaintiff-farmers sought a court order declaring that Monsanto was negligent in manufacturing Roundup Ready Alfalfa (RRA), an alfalfa plant genetically engineered to be tolerant of the active ingredient in Roundup. On appeal, how did the court rule?
a. That the plaintiffs lacked standing to sue and that the case was subject to dismissal on that ground alone.
b. That the district court properly issued a permanent injunction prohibiting the deregulation of RRA in whole or in part.
c. That the plaintiffs had standing but that the district court improperly issued an injunction prohibiting any deregulation whatsoever of RRA.
d. That the plaintiffs lacked standing and that the district court properly issued a permanent injunction prohibiting the deregulation of RRA in whole or in part.
c
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What will be an ideal response?
In 2019, Swan Company discovered that it had for the past 10 years capitalized as a production cost certain expenses that are properly classified as administrative expenses. The total amount of the expense for 2018 was $300,000, $60,000 of the item was included in the ending inventory that year and $240,000 was deducted as cost of goods sold.
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