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I am Lyosha [343]
4 years ago
12

MakerMan Manufacturing creates heavy-duty hand tools. It produces a new collapsible hammer called the SmackN’Stash. One of the f

irst purchasers of the hammer, Rob, is using it at a construction site when the hammer’s head flies off and injures his coworker Cliff.
How does the concept of strict liability apply to this situation?

a. Product liability torts require Rob to show that one or more of the design or manufacturing elements is defective.
b. When companies sell defective products to consumers who are injured, liability will result without having to show that the manufacturer breached the duty of care.
c. While using a collapsible hammer is a dangerous activity, it is not of the type of danger that would subject MakerMan to strict liability.
d. Anyone who is injured by a defective product may sue the manufacturer, merchants, and all others who handled the product.
Business
1 answer:
hammer [34]4 years ago
8 0

Answer:

Anyone who is injured by a defective product may sue the manufacturer, merchants, and all others who handled the product.

Explanation:

Strict liability means that an injured party may sue another even when they don not prove a case against them. A party is held liable for injuries from a certain activity.

For example a company that produces tools may be held liable when the machinery it produces causes injury during use by the injured party.

The injured party need not prove negligence of the defendant.

In this instance MakerMan Manufacturing is liable for the hammer that injured one of Rob's coworkers while they were using it.

Strict Liabilities are classified into 3: animals owned, product liability, and abnormally dangerous acts.

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Emily is a real estate salesperson in Albany. How will Emily know if the residential market in Albany is depreciating...?
MaRussiya [10]

Answer:

Emily would be able to know if the residential market in Albany is depreciating through the actions of investors in that sector. In a situation where people are no longer willing to invest in Albany, through purchase of houses, it shows that the residential market is depreciating. <em>Also, when there are lack of buyers of residential houses is another factor indicating depreciation.</em>

Explanation:

6 0
3 years ago
Which of the following must be true in order for materials to be classified as direct materials? a.They must be an integral part
inysia [295]

Answer:

a. They must be an integral part of the finished product and be a significant portion of the total product cost.

Explanation:

The Direct material is supply which is consumed during the production of a product. The direct material should be an integral part in the finished good. Consumables are not direct material. To become direct material the raw supplies should be a significant portion of the total cost. There is no direct material in a service business. The finished product should contain the direct material and the material must be an integral part of the final product.

3 0
4 years ago
A company purchased inventory for $ 72,000 from a vendor on​ account, FOB shipping​ point, with terms of 33​/10, ​n/30. The comp
Cerrena [4.2K]

Answer:

$71,340

Explanation:

The computation of the cost of inventory is shown below:

= Purchase value of inventory - discount charges + freight charges

where,

Purchase value of an inventory = $72,000

Discount charges = $72,000 × 3% = $2,160

Freight charges = $1,500

So, the cost of inventory is

= $72,000 - $2,160 + $1,500

= $71,340

The discount terms is 3% if payment is made within 10 days and total time of payment is 30 days instead of 33%

4 0
3 years ago
PLZZZ HELLLPP
Natalija [7]

Answer:

Nursing

Explanation:

I took the test and got it right

4 0
3 years ago
As a long-term investment, Fair Company purchased 20% of Midlin Company's 300,000 shares for $360,000 at the beginning of the re
k0ka [10]

The appropriate journal entry to record the transactions from the purchase through the end of the year, including any adjustment for the investment are:

1. Journal entries

1. Debit Investment in Midlin common shares $360,000

Credit Cash $360,000

(To record investment in Midlin common shares)

2. No journal entry required

3.  Debit Cash $15,000

($300,000×$0.25×20%)

Credit  Investment revenue $15,000

(To record dividend received)

4. Debit Fair value adjustment  $15,000

Credit Net unrealized holding gains and losses- OCI $15,000

($375,000-$360,000)

(To record fair value adjustment)

2. Journal entries

1. Debit Investment in Midlin common shares $360,000

Credit Cash $360,000

(To record investment in Midlin common shares)

2. Debit Investment in Midlin common shares $27,000

Credit Investment revenue $27,000

($135,000×20%)

(To record investment revenue)

3.  Debit Cash $15,000

($300,000×$0.25×20%)

Credit  Investment revenue $15,000

(To record dividend received)

4. No journal entry required

Learn more here:brainly.com/question/15422359

5 0
2 years ago
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