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IceJOKER [234]
3 years ago
13

Merv Grazinski, driving his Winnebago, put it on cruise control to go make coffee. The Winnebago went off the road, turned over

several times, and left Grazinski paralyzed from the waist down. He brings a product liability lawsuit against Winnebago. Which of the following is the best possible defense for Winnebago to use at trial?O Res ipsa loquiturO Contributory negligenceO Assumption of riskO Proximate cause
Business
1 answer:
kogti [31]3 years ago
3 0

Answer:

Contributory negligence

Explanation:

Contributory negligence principle demonstrates failure of an injured party to act prudently, considered to be a contributory factor in the injury which they have suffered.

In this case this is the best possible defense that Winnebago is able to provide that the injured party has failed to act prudently that is used as a contributory factor for the injury they suffered.

<u>Why other options are incorrect?</u>

<u>Res ipsa loquitur</u>

It is the principle that the mere occurrence of some types of accident is sufficient to imply negligence. In this case, Winnebago cruise control is not enough to imply negligence.

<u>Assumption of risk</u>

Assumption of risk refers to a legal doctrine under which an individual is barred from recovering damages for an injury sustained when he or she voluntarily exposed him or herself to a known danger.

<u>Proximate cause:</u>

In law, a proximate cause is an event sufficiently related to an injury that the courts deem the event to be the cause of that injury

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Answer:

True

Explanation:

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Fair market value - Tax basis of such asset.

Here, in the given instance

Fair market value of land = $200,000

Tax basis of land = $50,000

Thus, gain on distribution = $200,000 - $50,000 = $150,000

This will not be different in any case, whether the earnings are positive or negative.

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4 0
3 years ago
On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $7
Maurinko [17]

Answer:

Option (c) is correct.

Explanation:

Given that,

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During November,

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Totaled  indirect materials = $3,000

The journal entry is as follows:

Work in process inventory (95,000 - 3,000) A/c      Dr. $92,000

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To Raw material A/c                                                                        $95,000

The work in process is debited by $92,000 and raw material is credit by $95,000.

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kati45 [8]

Answer:

changes in private savings offset any changes in the government deficit

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In case of the Ricardian equivalence, economic agents are assumed to be perfectly rational. According to them, higher taxes are required to repay the debt in case of an increase in deficit-financed government spending.

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_____________________ are a form of tax and spending rules that can affect aggregate demand in the economy without any additiona
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Fiscal policy.

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