Producers should be held strictly liable for harms caused by performance of products even if the said harms are not caused by their negligence. Which of the following statements does not challenge this view?
A. Strict liability places domestic producers at a competitive disadvantage with foreign businesses.
B. Strict liability adds significant hidden costs to every consumer product.
C. If it is unfair to penalize businesses for harms they couldn't prevent, it is equally unfair to penalize consumers for harms they could not prevent.
D. Strict liability discourages product innovation and encourages frivolous and expensive lawsuits.
Answer: C
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Mrs. Smith is moving out of her personal residence to a smaller apartment. Because of this, she
wishes to sell her piano. George inspects her piano and decides to buy it. Mrs. Smith receives her money and tells George he can take the piano right now. George says he needs to borrow his friend's truck before he can remove the piano. That night, the piano is destroyed by fire. George sues to recover his money. Which best describes this situation? A) Mrs. Smith wins. The risk of loss passed to George when Mrs. Smith said he could take the piano. B) George wins. The risk of loss does not pass until George receives a negotiable warehouse receipt. C) Mrs. Smith wins. The risk of loss passed to George as soon as the contract was made. D) George wins. The risk of loss does not pass until George takes delivery of the piano.
Expectation interest can best be described as money spent in reliance upon the agreement
a. True b. False Indicate whether the statement is true or false
Use the information in the table and sequence the jobs using the EDD rule. What is the average past due?
A) fewer than or equal to 32 hours B) greater than 32 hours but fewer than or equal to 34 hours C) greater than 34 hours but fewer than or equal to 36 hours D) greater than 36 hours
Dainels Corporation uses the step-down method to allocate service department costs to operating departments. The company has two service departments, General Management and Physical Plant, and two operating departments, Sales and After-Sales. Data concerning those departments follow: Service Department Operating Department General ManagementPhysical Plant SalesAfter-SalesDepartmental costs$36,550$70,300 $412,500$492,780Employee time5,0002,000 27,00014,000Space occupied1,0001,000 38,0007,000 General Management Department costs are allocated first on the basis of employee time and Physical Plant Department costs are allocated second on the basis of space occupied. The total After-Sales Department cost after allocations is closest to:
A. $503,980 B. $515,880 C. $516,196 D. $513,911