Tiny Tim, Age $4,$ was riding in the back seat of his father's car. He was not in the booster seat as he was using a seatbelt designed by the auto manufacturer. However, he was wearing the shoulder belt behind his back. The car was involved in a collision. Tiny Tim suffered a broken arm and a concussion. The family files suit against the auto manufacturer claiming the seatbelt has a defective design. What law is involved?

On January $31$st$,$ Cruz goes into Lee's Store for Men, Inc. to purchase a tuxedo. He picks out one that is priced at $$450\mathrm{.}00$ and pays for it$.$ Before leaving the store, he tries it on and decides it needs to be tailored. They agree he is to pick up the suit in ten days. Four days later the store was robbed. What law is involved?

Leward sells supplies to Pomona Repair company which services home appliances. Over the phone they negotiated for the sale of $50$ top grade dishwasher motors. Leward sends a letter to Pomona repair detailing the terms and conditions and two weeks later ships the motors, Is there an enforceable contract between them? What law is involved?

What was the most important material we covered so far in this course that relates to the profession of accounting and why?