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Vlad1618 [11]
3 years ago
9

A construction worker was working at the construction site of a new building. An open elevator, which had been installed in the

building by the elevator manufacturer, was used to haul workers and building materials between floors. While the worker was riding the elevator, it stalled between floors due to a manufacturing defect in the elevator. The worker called for assistance and was in no danger, but after waiting 15 minutes for help, he became anxious and jumped 12 feet to get out. He severely injured his back when he landed.
In an action by the worker against the elevator manufacturer to recover for his back injury, is the worker likely to obtain a judgment for 100% of his damages?
Business
1 answer:
Lostsunrise [7]3 years ago
3 0

Answer:

No, because the worker was not in danger while on the stalled elevator.

Explanation:

Product liability is defined as the liability that the producer of a good bears for putting a defective or dangerous product in the hands of the consumer.

For any injury done to the consumer, the producer is liable.

However in this scenario when the elevator stalled he was in no danger, but after waiting 15 minutes for help, he became anxious and jumped 12 feet to get out. He severely injured his back when he landed.

The injury was not as a result of product defect. So the worker is not likely to obtain a judgment for 100% of his damages.

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Sam has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and
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Answer:

Sam can easily determine that the Panaview model has a lower price than the Zony model. ⇒ UNIT OF ACCOUNT

Sam saved $30 per week. ⇒ STORE OF VALUE

Sam pays $140 for the Blu-Ray player. ⇒ MEDIUM OF EXCHANGE

Explanation:

The four main functions of money are:

  1. it serves as a unit of account: it provides a common measure of the value of goods and services being exchanged.
  2. it serves as a store of value: money holds its value over time, so it serves as a store of value.
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  4. it serves as a standard of deferred payment: money serves as a way of valuing a debt, so you can acquire goods now and pay for them later.
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3 years ago
For each situation, prepare the appropriate journal entry for the redemption of the bonds.
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Answer and Explanation:

The journal entries are given below:

On Apr. 30

Bonds payable $124,000  

Loss on redemption of bonds( bal fig)   $18,228  

          Discount on Bonds payable($124,000 - $111,972) $12,028

          Cash ($124,000 × 1.05) 1,30,200

(Being redemption of bonds at 105 is recorded)  

On Jun. 30

Bonds payable $162,000

Premium on Bonds payable($174,960 - $162,000) $12,960  

          Gain on redemption of bonds ( bal fig) $14,580

          Cash($162,000 × .99) $160,380

(Being redemption of bonds at 98 is recorded)  

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Answer:

An example of when I imposed my own views and feelings about life based of the experience of others is when a friend from mexico told me there experience migrating to the US. What they experience and the struggles they faced made me feel more appreciative of things.

Explanation:

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When the tasks and authority associated with various positions in the organization are clearly specified, it creates a scenario
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Answer:

A) employees are held strictly accountable for their actions.

Explanation:

When tasks are given specifically as well as authority to various positions, persons holding those positions will be held accountable for inquiries or issues that may arise from those specific positions. For example, a bread factory has a unit headed my John who is in charge of creative the bread tag, if the tag is done wrongly, or is being delayed, the management instantly knows who to question.

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