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Negligence and Product Liability are two of our main topics for this week. Negligence is an "unintentional tort" because it happens by accident. Product Liability arises when one is injured by a defective product.
Consider the scenarios below. Choose one and determine if it describes negligence or product liability. Explain your answer and be sure to discuss the elements of any claims that may arise.
1. Daisy is driving in her car when her phone chimes. She picks up her phone and sees a text from her friend. While responding to the text Daisy runs a red light and causes an accident.
2. Janet just moved from Florida to Minnesota and is enjoying the scenery of a beautiful snowfall when she sees a person slip and fall on the ice on sidewalk in front of her house.
3. Larry is a lumberjack. He decides to purchase a new chainsaw. The first time Larry uses the chainsaw the product malfunctions and Larry is injured.
Likeline, Inc., has sales of $445,000, costs of $173,000, depreciation expense of $72,000, interest expense of $36,000, and a tax rate of 35 percent. What is their net income? What are some important factors to consider when conducting a credit evalu..
contains a clause stating that if a dispute arises, employees must submit to binding arbitration to resolve the dispute.
IBM corp. earned $12.25 in EPS last year. IBM has recently adopted a long term target to pay out 50% of all future earnings as dividends.
Lululemon instituted a policy requiring its manufacturing plants and materials suppliers to streamline work processes
A particular security's default risk premium is 6 percent. For all securities, the inflation risk premium is 3 percent and the real interest rate is 2.5 percent. The security's liquidity risk premium is 1 percent and maturity risk premium is 2 percen..
Emily's Soccer Mania is considering building a new plant. Calculate the project's MIRR, given a discount rate of 14 percent.
Use this balance sheet and income statement from Carver Enterprises to complete partsa and b: Prepare a common size balance sheet for Carver Enterprises
Suppose that The United States and Japan only produce one good – Roller Skates. Further, assume that Japanese produced roller skates and American roller skates are identical in every way. Now, suppose that it costs $5/pair to ship roller skates from ..
The Sunbelt Corporation has $32 million of bonds outstanding that were issued at a coupon rate of 10.975 percent seven years ago.
Should pension funds engage in social investing?
Compound interest is a creator of wealth. A long-term outlook is required to make the most of the power of compounding.
Prepare budgeted income statements for each of the months of April, May, and June that show the expected results from implementing the proposed changes. Use a three-column format, with one column for each month.
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