After Hal Li purchased and installed a wood-burning stove to heat his home, the stove caught fire and damaged much of the house. He believes the stove had inadequate insulation. Hence, Li should voice his concerns to the Federal Trade Commission
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Li should voice his concerns to the Consumer Product Safety Commission which is designed to protect health and safety of consumers in and around their homes.
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Which of the following is the best example of special damages in a products liability case?
A. Masters was billed $815.00 for the ambulance ride to the hospital. B. Masters was very upset about getting injured. C. Masters was unable to play softball for a month. D. Masters was awarded $50,000.00 by the jury for pain and suffering.
Assume that you open a 100-share short position in Jiffy, Inc common stock at the bid-ask price of $32.00 - $32.50. When you close your position, the bid-ask prices are $32.50 - $33.00. If you pay a commission rate of 0
5%, what is your profit or loss on the short investment? A) $32.50 gain B) $16.25 loss C) $132.50 loss D) $100.00 gain