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Zanzabum
3 years ago
9

Palmer goes to a truck dealership and asks for a truck capable of handling a 5000-pound load. He makes it clear that it is up to

the salesman to select an appropriate truck. Without saying anything about the truck's load-carrying capacity, the salesman selects a certain truck for Palmer. Relying on the salesman's choice, Palmer buys the truck in question. However, the truck can only handle a 2500-pound load. Palmer wants to sue the dealership because he didn't get the truck he desired. Which of the following product liability theories gives Palmer his best chance of recovery?
A. Express warranty
B. Implied warranty of fitness
C. Implied warranty of merchantability
D. Section 402A
Business
1 answer:
MA_775_DIABLO [31]3 years ago
5 0

Answer:

B. Implied warranty of fitness

Explanation:

An implied warranty of fitness for an specific purpose refers to the fact that if the seller of a product knows that the product will be used for an specific purpose and that the buyer is purchasing that product for that using it that way, then an implied warranty of fitness is formed. In this case, the seller knew that Palmer was going to carry 5,000 pounds in the truck and therefore, by offering a certain truck to Palmer, an implied warranty of fitness was formed stating that the truck could carry that load.

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Answer:

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Answer:

a. Dr Cash 17,500

Cr Common Stock 17,500

b. Dr Supplies 2,300

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f. Dr Dividend 1,800

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Cr Supplies 1,050

Explanation:

Preparation of Journal entry

a. Dr Cash 17,500

Cr Common Stock 17,500

b. Dr Supplies 2,300

Cr Account payable 2,300

c. Dr Cash 13,300

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d. Dr Rent expense 3,000

Cr Cash 3,000

e. Dr Account payable 1,150

Cr Cash 1,150

f. Dr Dividend 1,800

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Cr Cash 1,900

(1,500+400)

h. Dr Salaries expense 2,800

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8 0
3 years ago
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It was decided by the District Court that Microsoft violated the Sharma Antitrust Act of 1890.

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What was this product's net operating income (loss) last year? last year minden company introduced a new product and sold 15,000
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Answer:

1. What was the product's operating income(loss) last year = $90,000 loss

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Explanation:

Please see attached detailed solution to the above questions and answers.

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