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Aneli [31]
4 years ago
14

Forest & Field Company makes and leases a backhoe to Zac. Due to a defect attributable to Forest & Field's negligence, Z

ac is injured in an accident in which his neighbor Aaron is also hurt.
In a product liability suit based on negligence, Forest & Field may be liable to:

A) Aaron only.
B) no one.
C) Zac and Aaron.
D) Zac only.
Business
2 answers:
Margaret [11]4 years ago
6 0

Answer:

Zac and Aaron ( C )

Explanation:

product liability is the liability been incurred by a manufacturer/producer or trader for either producing or selling a faulty product to a consumer. the liability covers every injury or accident that the consumer(s) of the product purchased from the trader or produced by the manufacturer causes.

The damages can also include economic or financial loss. the product liability law enables the consumer of such product to seek a legal recourse against the manufacturer or trader in which the manufacturer is meant to pay for damages caused for defective products. Aaron could be working with Zac who purchased the defective backhoe, hence the company would be responsible for both Zac and Aaron because the accident that led to injuries on both Zac and Aaron was caused by the defective backhoe

Serhud [2]4 years ago
5 0

Answer:

C) Zac and Aaron.

Explanation:

Product liability is defined as the liability that is borne by the manufacturer of a product for putting defective product in the hands of the consumer. The manufacturer will be liable for any harm that occurs as a result of use of the product.

In this instance due to a defect attributable to Forest & Field's negligence, Zac is injured in an accident in which his neighbor Aaron is also hurt.

The company is liable to Zac who bought the backhoe and also to Aaron although he did not have direct dealing with Forest & Fields.

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IceJOKER [234]
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Ian has five years of managerial experience with a shopping center. However, he quit his job to attend to his ailing mother. He
vovikov84 [41]
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3 years ago
1. A major controversy that is yet to be resolved about the Medicare Prescription Drug, Improvement and Modernization Act of 200
qaws [65]

Answer:

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Chang industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these
Fynjy0 [20]

If the company calls these bonds at a price of $201,000, the gain or loss on the retirement would be $2,000.

Here,  $203,000 is the net carrying value of the liability - $201,000 is the price the bonds were called at and the price that Chang industries paid to retire the bonds and the associated liability.

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A bond retirement occurs when an organization repurchases bonds that it had previously issued to investors. Thus, the issuer retires the bonds at the scheduled maturity date of the instruments.

Hence, bond retirement involves the cashing out of a bond that has been invested in.

To learn more about bond retirement here:

brainly.com/question/13960495

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