Business, 24.10.2019 01:00 allieliquori

The bases for an action in strict liability that are set forth in the restatement (second) of torts section 402a can be summarized by;
a. the product must have been in a safe condition when the defendant sold it.
b. the defendant must normally be engaged in the (or otherwise distributing) that product.
c. the product must be to the user or consumer because of its defective condition (in most states).
d. the plaintiff must incur to self or property by use or consumption of the product.
e. the defective condition must be the of the injury or damage.
f. the goods must not have been from the time the product was sold to the time the injury was sustained.
g. all of the above

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 06:00

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Answers: 1

Answer

Business, 22.06.2019 16:10

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Answers: 1

Answer

Business, 22.06.2019 20:30

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

Answers: 3

Answer

Business, 22.06.2019 21:10

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Answers: 3

Answer

You know the right answer?

The bases for an action in strict liability that are set forth in the restatement (second) of torts...

Questions