CPA QUESTION: To establish a cause of action based on strict liability in tort for personal injuries resulting from using a defective product, one of the elements the plaintiff must prove is that the seller (defendant)
a. Failed to exercise due care
b. Was in privity of contract with the plaintiff
c. Defectively designed the product
d. Was engaged in the business of selling the product
.D
You might also like to view...
Ensuring the message has an attractive, professional appearance takes place in which step of the writing process?
A) Drafting B) Proofreading C) Planning D) Completing E) Writing
1. $7,000 of merchandise inventory was ordered on September 2, 2009 2. $3,000 of this merchandise was received on September 5, 2009 3. On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received. 4. On September 10, 2009, $800 of the merchandise was returned to the seller. Based on the above information,
what would be recorded as the cash payment if the invoice is paid within the discount period? A) $2,200 B) $2,134 C) $2,450 D) $2,384
Brad is a department manager at Home Theater, Inc. His sole role in the budget process is to implement the budget that is developed for him. This is an example of _______.
A. strategic budgeting B. operational budgeting C. top-down budgeting D. management-by-objectives E. bottom-up budgeting
The standard quantity of materials allowed is computed by the equation
A) unit quantity standard x standard output. B) unit quantity standard x actual input. C) unit quantity standard x standard input. D) unit quantity standard x actual output. E) not shown here.