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Flauer [41]
3 years ago
5

Alonzo decides to have a yard sale to sell some of his personal items. At the sale, Alonzo sells Ralph a big screen television f

or $40. Ralph is very pleased with the deal until an electrical issue in the television causes the television to catch fire two days later. The resulting fire burns Ralph's house to the ground. Ralph sues Alonzo alleging strict liability. Why does Ralph lose his suit
Business
2 answers:
son4ous [18]3 years ago
8 0

Answer:b. because Alonzo is not in the business of selling TV's

Explanation: business which sells appliances are required to completely make sure that they sell something that is in good order, and they have proper procedure in place to check effectiveness of their appliances.

However, if you buy from your neighbors it is a different story because they are not the authorised business. They can't be liable for a fault appliances since they are not the official store.

son4ous [18]3 years ago
7 0

Answer:

b. because Alonzo is not in the business of selling TV's

Explanation:

First, the multiple options for the question are as follows:

A. because Alonzo exercised care in selling the Tv

b. because Alonzo is not in the business of selling TV's

c. Because the TV was not unreasonably dangerous

d. Because the TV was probably not defective when Alonzo sold it

First, Strict liability alleged by Ralph against Alonzo means to impose a liability on another person without finding a fault such as negligence or tortious intent.

it should be noted that this strict liability is usually used on cases that involve the sales of a defective product

However, this imposition cannot be made on Alonzo because although Alonzo sold the TV, he is not into selling TVs and cannot be held liable for knowingly selling a defective product. he sold his pesonal item along other items so he cannot be held for selling a defective Television.

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A high-interest savings account pays 5. 5% interest compounded annually. If $300 is deposited initially and again at the first o
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For the given question, the summation that represents the money in account is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

The principal amount if compounded annually, the formula that represents the amount to be received after n years is:

\rm A = P(1 + \dfrac{r}{100})^t where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.

<h3>Solution:</h3>

Given:

Annual interest rate(r) is 5.5%

Principal is(P) $300

Tenure is(t) 10 years

On substituting the values in the formula \rm A = P(1 + \dfrac{r}{100})^t

The amount received after compounding at the end of 1 year will be:

\rm A = 300(1 + \dfrac{5.5}{100})^1\\&#10;\\&#10;A=300(1.055)\\&#10;\\&#10;A=\$316.5

Similarly, the amount to be received after 2 years will be:

316.5+316.5(1.055)

The amount received after 10 years will be:

316.5+316.5(1.055)+316.5(1.055)^2+.......  upto 10 years

Therefore the summation that represents the money in account after 10 years is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

Learn more about compound interest here:

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