The Local Supermarket Has a Large Glass Front Door Which

question 15

Multiple Choice

The local supermarket has a large glass front door which is well lighted and plainly visible.Nelson,who is new in the neighborhood,mistook the glass for an open doorway and walked into it,shattering the door and injuring himself.The store:

• A) is strictly liable to Nelson.
• B) is not liable to Nelson.
• C) is liable under res ipsa loquitur.
• D) has no duty to Nelson.

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Definitions:

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, indicated on the balance sheet.

Net Income

The conclusive profit of a corporation post-deduction of all operational costs and taxation from the aggregate revenue.

Cash Dividends

Payments made by a corporation out of its earnings to its shareholders, usually in the form of cash.

Stock Dividends

A payment made to shareholders in the form of additional shares, rather than cash.