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miv72 [106K]
3 years ago
11

Before the case of Macpherson v Buick Motor Car in 1916, the law based liability for injuries due to a defective product on:____

.
A. The principle of striet liability.
B. Whether the manufacturer exercised due care.
C. The doctrine of the reasonable person.
D. The direct contractual relationship between the seller and the consumer.
Business
1 answer:
valina [46]3 years ago
7 0

Answer:

A. The principle of strict liability.

Explanation:

The MacPherson v. Buick Motor Car case in 1916 changed the way product liability would be considered in the US. Strict product liability doctrine states that a manufacturer can be sued not only as a result of their negligent acts, but also for selling defective products. Before that case, privity of contract was required in order for someone to sue a manufacturer, this means that both parties had to engage in a contract. But this case resulted in consumers being able to sue manufacturers even if they did not engage in a contract directly with them. Actually, how many of us buy things directly from a manufacturer? We generally buy goods from retailers, and that is the reason why this case was so important.

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Sage Hill Company is negotiating to lease a piece of equipment to MTBA, Inc. MTBA requests that the lease be for 9 years. The eq
Annette [7]

Answer:

$14,621.99

Explanation:

Calculation to determine what would be the amount of the annual rental payments Sage Hill demands of MTBA,

Let X be the annual lease payments

Annuity factor of 8% for 9 years = 6.74664

Discounting factor of 8% at beginning of 9 years = 0.54027

Annual Rental Payments=$100,000 = (X * 6.74664) + ($2,500 * 0.54027)

Annual Rental Payments=$100,000 = (X * 6.74664) + $1350.675

Annual Rental Payments=(X * 6.74664) = $100,000 - 1,350.675

Annual Rental Payments=X = 98,649.325 / 6.74664

Annual Rental Payments=X = $14,621.99

Annual Rental Payments=X = $14,621.99

Therefore, what would be the amount of the annual rental payments Sage Hill demands of MTBA , is $14,621.99

7 0
3 years ago
Growth has which positive effect for businesses?
Crank

Answer:

A. It widens the area inside the frontier on a production possibilities

curve.

Explanation:

3 0
3 years ago
A company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September
nlexa [21]

Answer:

Purchases=  $57,530

Explanation:

Giving the following formula:

Production= 91,500*(1 - 0.18)= $75,030

Beginning inventory= $25,000

Desired ending inventory= $7,500

<u>To calculate the budgeted purchases, we need to use the following formula:</u>

<u></u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= 75,030 + 7,500 - 25,000

Purchases=  $57,530

6 0
3 years ago
Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Je
Hunter-Best [27]

Answer:

•Jayaram is a Limited partner

•Jeevan is an active partner

Explanation:

•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.

Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.

• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.

3 0
3 years ago
You are examining your choices of banks to open a new savings account. Costs include monthly maintenance fees and statement copy
lukranit [14]

The answer is: d. interest on deposits

Interest on deposits refers to the amount of interest payment that the banks would give to account owner for keeping a certain amount of balance in their institutions. The number of this interest is usually really small, (on average it is usually around 0.01%)

6 0
3 years ago
Read 2 more answers
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