Answer:
d. bring suit against Pestro under Section 402A even though there is no privity.
Explanation:
Section 402A enforces strict liability for physical harm that is caused a by the product sold to a buyer by a seller.
It states that if a seller sells a defective product that is unreasonably dangerous to an end user, the seller will be liable for any physical harm that results from its use.
Privity is when a contractual relationship exists between different parties in a transaction.
In the given scenario even without a privity the parents of the children and the dogs can bring suit against Pestro under Section 402A even though there is no privity.
They don't have to have a direct contractual relationship with Pestro.
Answer:
1.87%
Explanation:
Based on the above information, the formula for Quick ratio is
= ( Cash + Marketable securities + Accounts receivables ) / Current liabilities
Where;
Cash = $15,673
Marketable securities = $31,804
Accounts receivables = $69,135
Current liabilities = Accounts payable + Accrued liabilities + Notes payable
= $34,234 + $6,513 + $21,712
= $62,459
Quick ratio
= ($15,673 + $31,804 + $69,135) / $62,459
= $116,612 / $62,459
= 1.87%
Answer:
B. $280,000
Explanation:
The capital assets are those assets which are used for the personal purpose, not for the business purpose. The examples of capital assets include personal property, stocks, bonds, clothing, dwelling, etc.
It excludes that property which is used for trade or business purpose like - limousine.
In the given situation, the capital asset would be $280,000 as it owns for personal residence and furnishings.
A long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship is called "blanket orders".
<h3>What are blanket orders?</h3>
A blanket order would be a purchase agreement that a customer issues to a supplier that specifies a number of delivery dates spread out over time, frequently arranged to take the advantage of fixed prices.
Some characteristics of blanket order are-
- When there is recurring requirement for consumable goods, it is typically used.
- Instead than filing a new purchase order (PO) every time supplies are required, things are procured under a single PO.
- By placing a blanket order, the client can avoid holding more stock than necessary, save on administrative costs associated with processing numerous purchase orders, and take advantage of bulk discounts or price cuts.
- A fixed rate contract is established for a certain length of time for a blanket order.
- The buyer compares competing supplier bids and seeks out the best price.
- Following the selection of the best candidate, the pricing of the goods are set, and the supplier is given the quantities of the each product to arrange stock for delivery as asked.
- The buyer provides the forecasted quantity as entire consumption quantity that has been historically recorded for a few years or as required for quantitative analysis.
To know more about the blanket purchase order (blanket order), here
brainly.com/question/25637399
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