Explain product liability and the causes of action

Assignment Help Accounting Basics
Reference no: EM132591299 , Length: 2

Question 1: Pursuant to contract law, is the waiver of liability legal and do Brian's verbal assurances become part of the contract? Why or why not?

  1. Explain contract law and contract formation with required elements
  2. What is a waiver of liability and what makes it valid?
  3. Can a contract be verbal or is it required in writing?
  4. Can what someone says override the contract terms or, become part of a contract?
  5. When can liability be waived?

Question 2: Does Peta have a product liability case against the mower manufacturer Ferrari for a design defect, manufacturing defect, or failure-to-warn defect?

  1. Explain product liability and the causes of action.
  2. When is a manufacturer liable for their product and when are they not?

Question 3: Does Lori have a claim for her injuries and can she recover pain and suffering damages or worker's compensation?

  1. What is worker's compensation and when is it available to employees?
  2. What is the law as to worker's compensation?
  3. How does worker's compensation differ from suing in court?
  4. Explain damages and what is available to recover for product liability?

Use at least two (2) quality resources in this assignment.

Reference no: EM132591299

Questions Cloud

Why you think the program is or will be successful : Find an article that explains/gives an example of an innovative program or an organization that promotes internal employee relations and give a brief.
Explain forms of intellectual intangible property protection : Provide an example of a business dispute involving intellectual property within the last two years. Use the Strayer University Legal Resource Tool
What is the amount of gross profit realized : What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straight chairs on December 31, 2020
Jail structure and operation characteristics : Describe direct-supervision and traditional jails. Which is the best operating structure for a jail, direct supervision or traditional?
Explain product liability and the causes of action : Pursuant to contract law, is the waiver of liability legal and do Brian's verbal assurances become part of the contract? Why or why not?
Describe programs available for inmates in type of prison : Describe programs available for inmates in each type of prison. Describe how corrections officials determine to which facility convicted offender should be sent
Compute the inventory by the conventional retail inventory : Markup cancellations 16,500 and Sales revenue 2,206,000. Compute the inventory by the conventional retail inventory method
Why people fail and succeed on parole : Your text mention several factors as to why people fail and succeed on parole.
What is required for a valid contract : Explain contract formation and differences pursuant to common law versus the Uniform Commercial Code. Why is it important to distinguish and identify

Reviews

Write a Review

Accounting Basics Questions & Answers

  Factory labor shows a credit of 140600 for direct labor

factory labor shows a credit of 140600 for direct labor used. labor quantity variance shows a 740 unfavorable balance.

  What was ending inventory using the lifo cost flow

What was ending inventory using the LIFO cost flow assumption under a periodic inventory system

  Record the entry for the purchase of the bonds

On July 31, 2015 Marquis Inc. purchased 7%, $150,000, 10-year bonds. Record the entry for the purchase of the bonds

  Notes receivable with unrealistic interest rate

Assume that Hurly Co. elects the fair value option for this note. Prepare the journal entry at December 31, 2010, if the fair value of the note is $320,000.

  Compute the balance in the inventory account

CPI sells computer peripherals. At December 31, 2015, Compute the balance in the Inventory account at the close of business on January 6

  A business is operating at 90 of capacity and is currently

a business is operating at 90 of capacity and is currently purchasing a part used in its manufacturing operations for

  Financial statement fraud

From the e-Activity, describe the fraud that had occurred, and suggest the primary way in which the parties involved could have prevented the fraud in question.

  Determine the amount of net income

Castile Inc. had a beginning balance of $4,000 in its Accounts Receivable account. Based on the information provided, determine the amount of net income

  Determine amount of cash that is in the retained earning

Write an accounting equation, and record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these..

  Included in the cost of factory supplies are obsolete items

maddox specialty company a division of lost world inc. manufactures three models of gear shift components for bicycles

  What is the total fixed cost

Perform a least-squares regression analysis on the data using excel. What is the total fixed cost

  Subject of a major financial scandal

One month later, the bank's losses become the subject of a major financial scandal. Benny is mad and wants to sue. Does Benny have a case? Explain.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd