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drek231 [11]
3 years ago
14

Bob is shopping in Carl’s Hardware Store when a nail gun in use by Dan, one of Carl’s employees, fires without warning and hits

Bob in the leg. Carl checks the gun and discovers that it was assembled improperly. Bob files a suit against Eagle Tools, Inc., the manufacturer of the gun, for product liability, on the ground of strict liability. What are the elements for an action based on strict liability? In whose favor is the court likely to rule and why?​
Business
1 answer:
Zanzabum3 years ago
3 0

Answer and Explanation:

In an action based on strict liability, a plaintiff must show that

(1) a product was defective,

(2) the defendant was in the business of distributing the product,

(3) the product was unreasonably dangerous due to the defect,

(4) the plaintiff suffered harm,

(5) the defect was the proximate cause of the harm, and

(6) the goods were not substantially changed from the time they were sold.

A plaintiff does not have to show that there was a failure to exercise due care, and this distinguishes an action based on strict liability from an action based on negligence, which requires proof of a lack of due care. If Bob establishes his case, the court in this problem is most likely to rule in his favor, because the manufacturer is strictly liable in this case. Strict liability allows a plaintiff to recover damages for injuries resulting from product defects without proof of fault.

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Answer:

32.59 days

Explanation:

DSO = Average receivables / Sales Revenue X 365

= $56,736 / (2,473,701 - 1,838,207) x 365

= $56,736 / (635,494) x 365

= 32.59 days

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2 years ago
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7 0
2 years ago
Select the correct answer.
Lapatulllka [165]

Answer:

B. equity financing

Explanation:

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5 0
3 years ago
An investor holds $100,000 (par value) worth of TIPS currently trading at par. The coupon rate of 4% is paid semiannually, and t
poizon [28]

Answer:

coupon payment = $2025

so correct option is A) $2,025

Explanation:

given data

par value =  $100,000

coupon rate = 4%

annual inflation rate = 2.5%  = 0.025

so Semiannual rate = \frac{0.025}{2} = 0.0125

to find out

coupon payment will the investor receive at the end of the first six months

solution

as we know principal would increase by the amount of inflation

so it will be = $100,000 ( 1 + 0.0125 )

so here coupon payment will as

coupon payment = $100,000 ( 1 + 0.0125 ) × \frac{0.04}{2}

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coupon payment = $2025

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3 years ago
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