Which of the following acts resulting in injury would be negligence per se?
a. Joe sold fireworks from his Indiana store (a legal activity) to Steve, an Illinois resident (a state that has made owning fireworks illegal).
b. June,while driving the speed limit, sideswiped the car next to her.
c. A retailer sold glue containing benzene to a 14-year-old boy in violation of state law.
d. Tammy accidentally dropped a heavy carton on Sasha's foot while at work.
c
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On January 1, Year 1, Zero Company obtained a $52,000, 4-year, 6.5% installment note from Regional Bank. Thenote requires annual payments of $15,179, beginning on December 31, Year 1 . The December 31, Year 2 carryingamount in the amortization table for this installment note will be equal to
a. $26,000. b. $27,635 c. $21,642 d. $28,402
Which of the following is an effectiveness objective of the BI process?
A) storing and retrieving data B) assessing current conditions C) working with budget constraints D) staying within time limits
The face value of a note is $7,500 with an interest rate of 12%. The time is based on 90 days in a 360-day year. The note has been discounted at 15% two months before the maturity of the note. How much is the discount and the proceeds?
Panther Trust has net accounting income and distributable net income of $100,000, $75,000 from taxable sources and $25,000 from tax-exempt sources. During the year, the trust makes a mandatory distribution to Julius and Steve of $50,000 each. The distribution deduction is
A) $25,000. B) $50,000. C) $75,000. D) $100,000.