Grill Time Inc. makes commercial cooking appliances, including a grill in use by Haute Cuisine Food Cart. Inez, a Haute employee, is injured when the grill malfunctions. If the injury occurred as a result of a misrepresentation about the product, Grill Time is most likely liable for

You are evaluating a potential acquisition of Solution Inc. Solution’s stock price is $15, and it currently has 2 million shares outstanding with zero debt. You believe that if you buy the company and replace its incompetent management team, its value will increase by 50%. You are planning on making a tender offer to obtain 50% control, by borrowing the full investment amount in a leveraged buyout where the debt will be attached to Solution Inc. What is the lowest per-share tender offer price that will induce Solution’s shareholders to tender their shares? Ignore taxes and interest on debt.

In a product liability suit based on negligence, the plaintiff must show that the defendant’s conduct was the “cause in fact” of an injury.

For fraud to be the basis of liability in a product liability suit, the misrepresentation must have been intentional.

ABC Co. and XYZ Co. are identical firms in all respects except for their capital structure. ABC is all-equity financed with $520,000 in stock. XYZ uses both stock and perpetual debt; its stock is worth $280,000 and the interest rate on its debt is 8%. Both firms expect EBIT to be $61,500. The cost of equity for ABC is _____, and for XYZ it is ______.  Ignore taxes, depreciation, capital expenditures, and changes in net working capital.

EZ Co-op Inc. sells Fill-Up cattle feed to ranchers. Gina buys and feeds Fill-Up to her herd. The feed is poisoned. Gina sues EZ for product liability based on negligence. To win, Gina must show

The area of a circle is increasing at a rate of 3 square inches per minute. How fast is the radius of the circle increasing when the radius is 2 in?    The area of a circle is given by

A vital innovation made possible by agriculture was

DIY-Haul, Inc., makes, sells, and leases hauling equipment for consumer use. Ed files a product liability suit against DIY-Haul, alleging a design defect. In deciding whether to hold the maker liable, the court may consider

Felice is injured when a can of Ground-Up explodes into flames. Herbicides Inc. manufactured the Ground-Up. Under product liability laws, Felice’s options include