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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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Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1
Mamont248 [21]

To record final annual interest and bond repayment:

2017

Mar 1

Bonds interest expense       $25,400

Bonds payable                      $254,000

          Cash                                                  $279,000

On March 1, 1997, the date of issuance, the entry is:

1997

Mar 1

Cash                                        $254,000

          Bonds payable                                  $254,000

On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

Bond Interest Expense ($100,000 x 12% x 1)          $25,400

          Cash                                                                                  $25,400


8 0
3 years ago
A coal company invests $12 million in a mine estimated to have 20 million tons of coal and no salvage value. it is expected that
lilavasa [31]
2 percent is the depletion
5 0
3 years ago
Pes
lakkis [162]

Answer:

ushsj

Explanation:

bshshshhdshshshhshdbshjdjdkdjddjjdndndndnfnfkdk

8 0
3 years ago
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willin
Vlada [557]

Answer:

a) see attached image

b) Friday's slope = 1/2

c) Kwame's slope = 1/3

d) Kwame's budget line since it includes 60 fish on one side and 20 coconuts on the other.

e) Kwame is willing to pay more fish per coconut

4 0
3 years ago
The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has
attashe74 [19]

Answer:

Market failure

Explanation:

Market failure is the economic situation where goods and services are not evenly spread out on the market.

In question resources (location) is in favour of New Monopoly seaport and shipsbare forced to wait and enter the port.

Ideally, in a free market resources are to be efficiently distributed so that people do not have to go to only one place to get a good or service.

It is similar to a monopoly in the free market.

3 0
3 years ago
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