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enyata [817]
3 years ago
6

Jill DesJardines experiences a broken leg when one of the wheels on her new in-line skates falls off as she is skating. The manu

facturer: a. is not liable because Jill assumed the risk of in-line skating. b. can disclaim all such liability for products such as these skates. c. is liable for a defective product. d. both a and b e. none of the above
Business
1 answer:
Anon25 [30]3 years ago
7 0

Answer:

c. is liable for a defective product.

Explanation:

The manufacturer can be held liable for a liability in a product which results into any form of injury or damage to the customer.

A defect refers to a kind of imperfection or fault in a product due to which such a product performs below par as per it's mentioned specifications.

In the given case, the customer bought in line skates and went out for skating. The wheels came off (which reflects a manufacturing defect), owing to which she fell and suffered a broken leg.

The injury is an outcome of product manufacturing defect for which the manufacturer shall be liable.

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Quarry Mining Inc. and Riverside Vineyards agree to resolve a dispute in arbitration. The arbitrator meets with Quarry’s represe
Molodets [167]

Answer:

The correct answer is letter "D": set aside any award.

Explanation:

Arbitrators are individuals without the range of judges that are called in disputes to resolve a matter before taking it to court. Similar to trials, each party involved in the dispute present their defense in front of the arbitrator who promotes the mutual agreement between the two parties but, if that does not happen, the arbitrator provides a resolution that tends to be definite.

<em>Arbitrators must be impartial. Thus, if the arbitrator meets with one of the parties and, eventually, the decision of that case favors that party, the court can take away any reward provided until an investigation is conducted.</em>

4 0
3 years ago
When entering traffic, you should activate your turn signal after
yanalaym [24]
Check traffic<span> around </span>you<span> (rear, sides and front). Look for a gap of 4 to 5 seconds in</span>traffic<span>. </span>Activate your turn signal<span> (do this at least 100 feet before </span>you<span> make the lane change). Check </span>your<span> mirrors (rear-view then </span>your<span> side mirrors).</span>
6 0
3 years ago
According to the FASB conceptual framework, the rele-vance of providing information in financial statements is subject to the co
Liula [17]

Answer:

B. Cost-Benefit

Explanation:

According to the Financial Accounting Standard Board (FASB) framework, it is important to estimate the cost and benefit of information before deciding the relevance of the information. It decides when to disclose and whether to disclose the information

Once, the cost of such information outweighs the benefits of its disclosure then FASB framework terms it as not relevant.

Cost of Information

Financial reporting through the preparation of financial statements has a cost, these costs include provision, preparation as well as the audit of the information provided. The cost-benefit constraint basically intends to ensure that financial statements are most-effectively and most-efficiently prepared.

6 0
3 years ago
Tara purchased a machine for $40,000 to be used in her business. The cost recovery allowed and allowable for the three years the
Nana76 [90]

Answer:

The answer is "$11,480".

Explanation:

Calculate the benefit as illustrated below:  

               Recovery of costs approved                      Recovery costs approved

Year-1                    $16,000                                            $8,000

Year-2                   $9,600                                             $12,800

Year-3                   $5,760                                             $7,680

Total cost                                                                                                $40,000

Making a reference to:  Cause great costs allowed or permitted

Year-1                                            $16,000      

Year-2                                           $12,800

Year-3                                           $7,680                                             $36,480

Adjusted basis                                                                                       $3,520

Formula:

Recognized Gain = Residual value - Adjusted basis

                             = \$ \ 15,000 - \$ \ 3,520 \\\\ = \$ \ 11,480

8 0
3 years ago
You are working as accounting information system(AIS) expert in H and H, a multinational entity(MNE) for couple of years inSpain
Reika [66]

Answer:

stakeholders for the project, documented goal and objective of the assignment, discuss SMART(specific, measurable, agreed, reaganlistic, timeframe) for the assignment, resources for the assignment, GANTT chart of the assignment, risk assessment for the project.

Explanation:

Before starting any major assignment, one must set its goals and objectives very clearly. A list of milestone and progress measuring report must be prepared so that tracking is easy. Also, all the associated risks must be analyze and catered for

6 0
3 years ago
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