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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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Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor force participation rate is 80% an
Reika [66]

Answer:

20,000,000= unemployed people

Explanation:

Giving the following information:

Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor force participation rate is 80% and the working-age population is 500 million people.

The unemployment rate is the number of people of working age, disposed to work and looking for a job.

Labor force rate= unemployed people/ labor force

0.05= unemployed people/ 400,000,000

400,000,000*0.05= unemployed people

20,000,000= unemployed people

7 0
4 years ago
Which product is an example of a consumer good? stock share in a tech company dog food for a pet boarding facility paint sprayer
Tamiku [17]

The product that is an example of a consumer good is shop gallon of milk to use in a bowl of cereal. Consumer goods are mostly consumed immediately.

<h3>What are consumer goods?</h3>

Consumer goods are products or goods that are bought for consumption. Consumer goods are mostly finished products from a factory such as buscuit, cereals, milk, bread that can be sell on retail to the consumer.

The products are ate and mostly bought for personal use from a supermarket, store or exhibition.

Most of the consumer products can be consumed without any further processing.

Areas with high rate of consuming consumer products will have economic growth this is because the increase in it's demand help to improve economy.

Therefore, The product is an example of a consumer good is shop gallon of milk to use in a bowl of cereal.

Learn more on product below

brainly.com/question/25922327

#SPJ1

4 0
2 years ago
On January 1, 2012, Albert invested $6,000 at 8 percent interest per year for three years. The CPI (times 100) on January 1, 201
qaws [65]

Answer:

Inflation in 2012:

=\frac{CPI\ 2013 - CPI\ 2012}{CPI\ 2012}

=\frac{110 - 100}{100}

= 10%

Inflation in 2013:

=\frac{CPI\ 2014 - CPI\ 2013}{CPI\ 2013}

=\frac{120 - 110}{110}

= 9.09%

Inflation in 2014:

=\frac{CPI\ 2015 - CPI\ 2014}{CPI\ 2014}

=\frac{126 - 120}{120}

= 5%

Real rate of interest = Nominal - inflation

Given that,

Nominal rate = 8%

Therefore,

Real interest rate is as follows:

2012:

= 8% - 10%

= -2%

2013:

= 8% - 9.09%

= -1.09%

2014:

= 8% - 5%

= 3%

$6000 at 8% grows to:

= 1000 × 1.08

= $6,480 in one year

which is invested again to grow to $6,998.4 in two years

which is invested again to grow to $7,558.272 in three years

so,

Total gain:

=\frac{7,558.272-6,000}{6000}\times100

= 25.9712%

The price level increases in three years by:

=\frac{CPI\ 2015 - CPI\ 2012}{CPI\ 2012}\times 100

=\frac{126 - 100}{100}\times 100

= 26%

So,

Total real rate of return:

= Total gain - Percentage increase in prices

= 25.9712 - 26

= -0.0288%

5 0
3 years ago
Hot Topic LLC appeals to tweens and teens through their Gothic frocks, fad movie gear, piercing paraphernalia, and popular t-shi
GarryVolchara [31]

Answer:

The answer is A) target market.

Explanation:

A target market is a group of consumers or organizations most likely to buy a company's products or services.

6 0
3 years ago
Consider two very different firms, M and N. Firm M is a mature firm in a mature industry. Its annual net income and net cash flo
Bumek [7]

Answer:

a. Firm M probably has a higher dividend payout ratio than Firm N.

Explanation:

The dividend payout ratio is commonly referred to a portion of the net income of the company which is paid to the various shareholders in dividends. Therefore, if we consider the statements made in the question, Firm M has a higher annual net income while the annual net income of Firm N is fluctuating, we can conclude that the dividend payout ratio of Firm M is more than that of Firm N.

6 0
3 years ago
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