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FinnZ [79.3K]
3 years ago
7

Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a

product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider:_______.A) the assumptions of WideloadB) the identity of Wideload's owner.C) the intentions of Wideload.D) the expectations of the ordinary consumer.
Business
2 answers:
blondinia [14]3 years ago
6 0

Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider: The expectations of the ordinary consumer.

<h3><u>Explanation:</u></h3>

The disputes that are related to any legal sections regarding the liability of the products are subjected to a consumer expectations test. The main purpose of the conduction of this test is to ensure that the product is properly manufactured and the defectiveness in the warning information of that particular product.

A product will be concluded to be defective under this test when a consumer finds that the product is defective. In the given example, Verna files a product liability suit against Wideload, regarding the defects associated with the design. Thus, the court may consider The expectations of the ordinary consumer for making it liable.

USPshnik [31]3 years ago
6 0

Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider (D) <u>the expectations of the ordinary consumer.</u>

<u></u>

Explanation:

In any   legal disputes concerning the  product liability, a consumer expectations test  technique is used to determine whether the product was  negligently manufactured or whether a warning on the product is defective. Under this test, the product is considered defective if a reasonable consumer would find it defective.

According to  the expectations of a consumer demand a good service or product  -If a product is found defective by the consumer then they have the right to get the price or the service changed.

Thus in the below mentioned cae

Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider (D) <u>the expectations of the ordinary consumer.</u>

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<u>Blessinger Co.</u>

<u>Classified Balance Sheet as at December 31, 2017</u>

ASSETS

<u>Non- Current Assets</u>

Office equipment                                                 $38,000

Accumulated depreciation-Equipment               ($3,200)       $34,800

Building                                                                $288,000

Accumulated depreciation-Building                   ($42,000)     $246,000

Land                                                                                            $700,000

Total Non Current Assets                                                          $980,800

<u>Current Assets</u>

Accounts receivable                                                                    $27,000

Prepaid Prepaid                                                                            $15,000

Insurance $9,000

Office supplies $3,300

Cash                                                                                             $112,000

Total Current Assets                                                                  $166,300

TOTAL ASSETS                                                                         $1,157,100

EQUITY AND LIABILITIES

LIABILITIES

<u>Current Liabilities</u>

Accounts payable                                          $25,800

Salaries payable                                                     $14,500

Interest payable $2,500

Note Payable                                                                                $9,000

Total Current Liabilities                                                               $51,800

<u>Non-Current Liabilities</u>

Long-term note payable ($72,000 - $9,000)                           $63,000

Total Non- Current Liabilities                                                    $63,000

TOTAL LIABILITIES                                                                    $114,800

EQUITY

P.Blessinger, Capital $910,000

P. Blessinger, Withdrawals ($200,500)

Profit for the Year                                                                     $332,800

TOTAL EQUITY                                                                       $1,042,300

TOTAL EQUITY AND LIABILITIES                                           $1,157,100

Explanation:

A Balance Sheet shows the Balance of Assets, Liabilities and Equity as at the Reporting date.

<u>Calculation of Profit for the year :</u>

                                                                         $                    $

Service fees earned                                                       430,800

<em>Less Expenses</em>

Salaries expense                                       90,000

Insurance expense                                      5,200

Rent expense                                               5,000

Depreciation expense-Equipment                800

Depreciation expense-Building                  7,000       (108,000)

Profit for the year                                                           332,800

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