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Toy Distributors,Inc

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Essay

Toy Distributors,Inc.had a swing set constructed for customers to examine.It was anchored to the ground with 20-inch steel pins.Gina purchased one for installation in her backyard by Toy,but Toy anchored it with 6-inch steel pins that pulled out of the ground,causing the swing set to tip over and injure Gina's child who was playing on the swing.Discuss if any warranties have been violated by Toy.


Definitions:

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs.

Terms Of Sale

Conditions agreed upon by the buyer and seller covering payment, delivery, and warranties, which define the responsibilities of each party in a transaction.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Credit

The ability of a borrower to obtain funds from a lender under agreed conditions.

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