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Salsk061 [2.6K]
3 years ago
6

Astor Manufacturing stores hazardous and volatile chemicals in its warehouse. The warehouse has state-of-the-art equipment to ma

ke sure the chemicals do not explode. An unexpected earthquake shakes the warehouse, causing the chemicals to explode and injure William, a passerby on a nearby sidewalk. Astor Manufacturing is ___________.A. liable to Will only if the company was grossly negligent
B. not liable to Will because it satisfied its duty to passerbys
C. strictly liable for Will's injuries
D. not liable to Will because Jason voluntarily assumed the risk of injury
Business
1 answer:
Wittaler [7]3 years ago
6 0

Answer:

C. strictly liable for Will's injuries

Explanation:

In law, Strict liability is a situation when defendant is required to be responsible to a certain situation, but can't be considered as guilty to any violation.

There are two points that need to be highlighted from the case above:

1.  Astor Manufacturing process has fulfilled all of its safety regulation for storing the dangerous product.

2. The dangerous product owned by Astor Manufacturing caused William's injury.

The regulations for hazard management is created by the government, and the leak is not caused by their negligence. It's caused by unexpected natural disaster.  This is why we can't say that Astor is guilty to any violation.

But still, the chemical that they created injured William. The court will most likely force Astor to be responsible for all the medical expenses incurred by william.

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The monthly payment is $386.67.

<h3>What is the monthly interest rate?</h3>
  • A monthly interest rate is simply the amount of interest charged in one month.
  • This does not include any other fees associated with the loan, and it does not indicate how expensive a loan is.
  • APR, on the other hand, is the annual percentage rate charged on a loan for a year.

So,

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Therefore, the monthly payment is $386.67.

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1 year ago
Manning Company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per share and 15,000 shares of
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Answer:

$240,909

Explanation:

Given:

Number of common stocks issued = 10,000

Value of common stock = $5

Fair value per share = $25

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preferred stock having a fair value of $20 per share = $530,000

Total market value of the stocks = 10,000 × $25 + 15,000 × 20 =  $550,000

Now,

The proceeds that would be allocated to the common stock will be

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In the heading of a cover letter, which of the following formats should be used for the date?
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