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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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Organizations can become "bad barrels" because ​ a. they do not allow employees to pursue their own individual values. b. the pr
KatRina [158]

Answer: The pressure to succeed creates opportunities that reward unethical decisions.

Explanation: "bad barrels" has attempted to identify characteristics of organisations that make them particularly vulnerable to tolerating or even encouraging destructive behavior. Organizations can become "bad barrels" because the pressure to succeed creates opportunities that reward unethical decisions. Bad barrels explains misbehaviour in the workplace.

5 0
4 years ago
Which of the following would an economist classify as capital? Group of answer choices lawyer's computer. $50 bill. 100 shares o
snow_tiger [21]

Answer:

lawyer's computer.

Explanation:

For the economist a stock is capital that can earn income or good that person holds and can sold for a particular price.

In this case the lawyer's computer is a good that the lawyer owns and can be exchanged for money. Also the lawyer can use the computer to help treat court cases thereby earning income.

8 0
3 years ago
A document commonly used in real estate transactions, detailing the fees, commissions, insurance, etc. that must be transacted f
Ksivusya [100]

Answer:

Closing statement.

Explanation:

A document commonly used in real estate transactions, detailing the fees, commissions, insurance, etc. that must be transacted for a successful transfer of ownership to take place is known as a closing statement. The closing statement is a spreadsheet document that comprises of the statement of actual settlement costs and it is usually provided by a real estate agent to a home seller while the bank gives it to the home buyer.

7 0
4 years ago
Your cousin is currently 9 years old. She will be going to college in 9 years. Your aunt and uncle would like to have $ 100 comm
yawa3891 [41]

Answer:

They need to put into the account a total of $67,290 to ensure that they will have $ 100,000 in 9 ​years.

Explanation:

We have to calculate the present value of the sum needed in 9 years ($100,000), with a annual fixed interest rate of 4.5%.

This can be calculated as:

PV=FV/(1+i)^n\\\\PV=100,000/(1.045)^9\\\\PV=100,000/1.486\\\\PV=67,290

They need to put into the account a total of $67,290 to ensure that they will have $ 100,000 in 9 ​years.

7 0
3 years ago
On June 30, 2024, the Esquire Company sold some merchandise to a customer for $54,000. In payment, Esquire agreed to accept a 7%
Paraphin [41]

The income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.

<h3>Income before taxes</h3>

Esquire Company journal entries

June 30, 2024

Debit Note receivable            $54,000

Credit Sales                              $54,000                  

Dec 31, 2024

Debit Interest receivable       $1,890

Credit Interest Income           $1,890

($54,000 x 7% x6/12)

March 31, 2025

Debit Cash      $56,835                      

Credit Interest receivable          $1,890

Credit Interest income          $945

($54000 x 7% x 3/12 )

Credit Note Receivable    $54,000

Therefore the income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.

Learn more about Income before taxes here:brainly.com/question/14644556

brainly.com/question/17005057

#SPJ1

5 0
2 years ago
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