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adell [148]
3 years ago
6

Fill in the blanks with words that would best complete the passage. business of selling, unreasonably dangerous, proximate cause

, reasonably dangerous, safe condition, substantially damaged, deliberate intent, physical harm, defective conditionThe basis for an action in strict liability which is set forth in the Restatement (Second) of Torts Section 402A can be summarized by the following six requirements. The product must have been in a __________ when the defendant sold it. The defendant must normally be engaged in the __________ (or otherwise distributing) that product. Most of the states require that the product must be __________ to the user or consumer because of its defective condition. The plaintiff must incur __________ to self or property by use or consumption of the product. The defective condition must be the __________ of the injury or damage. The goods must not have been __________ from the time the product was sold to the time the injury was sustained.
Business
1 answer:
Elenna [48]3 years ago
7 0

The basis for an action in strict liability which is set forth in the Restatement (Second) of Torts Section 402A can be summarized by the following six requirements. The product must have been in a <u>safe condition</u> when the defendant sold it. The defendant must normally be engaged in the <u>business</u> <u>of selling</u><u> </u>(or otherwise distributing) that product. Most of the states require that the product must be _<u>unreasonably dangerous</u> to the user or consumer because of its defective condition. The plaintiff must incur <u>physical harm</u> to self or property by use or consumption of the product. The defective condition must be the <u>proximate cause</u> of the injury or damage. The goods must not have been <u>substantially damaged</u><u> </u>from the time the product was sold to the time the injury was sustained.

<u>Explanation</u>

  • When the product is bought it must be in defective condition  as per Restatement ( second ) of Torts Section 402A.
  • The second point as per Restatement ( second) of Torts , section 402 states that  the defendant must be in the business of selling or distributing the product.
  • Moreover, the product must also be unreasonably dangerous to the consumer owing to its bad or defective condition. The plaintiff should incur physical harm to self by the consumption of such product.
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Sheffield Corp. estimates its sales at 150000 units in the first quarter and that sales will increase by 15000 units each quarte
Varvara68 [4.7K]

Answer:

183,750

Explanation:

Data provided in the question:

Sales in the first quarter = 150,000 units

Increase in sales each quarter = 15000 units

Ending inventory = 25% of the current sales units

Now,

Ending inventory of first quarter = 25% of Units produced in the first quarter

= 0.25 × 150,000

= 37,500

Units produced in the first quarter = Sales +  Ending inventory of first quarter

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= 187,500

Units to be produced in the second quarter

= Sales in second quarter - Ending inventory of first quarter + Ending inventory

=  [ 150,000 + 15,000 ] - 37,500 + 25% of [ 150,000 + 15,000 ]

= 165,000 - 37,500 + 41,250

= 168,750

Units to be produced in the Third quarter

= Sales in third quarter - Ending inventory of second quarter + Ending inventory

=  [ 150,000 + 15,000 + 15,000 ] - 41,250 + 25% of [ 150,000 + 15,000 + 15,000 ]

= 180000 - 41,250 + 45,000

= 183,750

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