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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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There are three things that can significantly mitigate the harm caused by delays. Which of the following is not one of these
Fed [463]

Answer:

Delay, lack of parternership, fission

Explanation:

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What are five foundations of economics?
koban [17]

Answer:

incentives, trade-offs, opportunity cost, marginal thinking, and the principle that trade creates value.

Explanation:

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3 years ago
Caspian Sea Drinks needs to raise $41.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has
Darya [45]

Answer:

Explanation:

Coupon rate = 5.07%

Yield to maturity = 4.84%

Rate = Yield/2 = 2.42%

N = 14 = 14*2 semiannually = 28 semiannually

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PMT = (face value*coupon rate)/2 = $25.35

Need to find price which is PV

Using the financial calculator, PV = $1023

Number of bonds to be issued = 41,000,000/1023 = 40,078

5 0
3 years ago
Elizabeth is marketing a new type of picture frame that she invented. She has developed a full identity for the product and want
Tresset [83]

Answer:

Trademark.

Explanation:

Trademark is a type of intellectual property that involves use of a unique design to legally differentiate a product from others in the market. It shows a particular product belongs to a company.

Elizabeth should first of all get a trademark on her picture frames so that they will be legally protected from copying by others.

3 0
2 years ago
A company has a beginning inventory of $ 20 comma 000 and purchases during the year of $ 130 comma 000. The beginning inventory
ollegr [7]

Answer:

$66,680

Explanation:

The computation of the cost pf goods sold is shown below:

= Number of units sold × average cost per unit

where,

Number of units sold equals to

= Beginning inventory units  + purchased units - ending inventory units units

= 3,000 units + 6,000 units - 5,000 units

= 4,000 units

Now the average cost per unit would be

= (Beginning inventory + purchases) ÷ (Beginning inventory units + purchased units)

= ($20,000 + $130,000) ÷ (3,000 units + 6,000 units)

= $16.67

Now put these values to the above formula  

So, the value would equal to

= $4,000 units × $16.67

= $66,680

7 0
2 years ago
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