Ruggers Is a Maker of a Range of Highly Popular

question 45

Multiple Choice

Ruggers is a maker of a range of highly popular cruise motorcycles.Tim buys a Ruggers motorcycle from a dealership and suffers an accident.While recuperating from his injuries, he learns that Ruggers has recalled all motorcycles it had manufactured and sold in the previous two years, owing to a previously unknown defect in their braking systems.Tim brings a product liability lawsuit against the motorcycle manufacturer and claims $50, 000 in damages.The defect in the motorcycle is found to be half responsible for the accident, while Tim's own negligence of traffic rules contributed to the rest.Under the doctrine of contributory negligence, what would be the ruling of the court hearing this case?

• A)Tim can recover $25, 000 worth of damages from the Ruggers and the rest from the dealership from which he purchased the motorcycle.
• B)Tim can recover $50, 000 worth of damages from the motorcycle manufacturer.
• C)Tim can recover $50, 000 worth of damages plus any punitive damages that may be awarded by the jury.
• D)Tim cannot recover any damages from the motorcycle manufacturer.

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Definitions:

Monitoring

Monitoring refers to the systematic process of observing, checking, and recording activities or data for a specific purpose, often to detect changes over time.

Planning Decisions

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Organization's Activities

The various tasks and operations carried out by a business or non-profit entity to achieve its goals and objectives.

Managerial Accounting

The process of identifying, measuring, analyzing, and interpreting accounting information by managers to achieve the organization's goals.