The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 11, Problem 2BS
Summary Introduction
Case summary: Allegations were made against the Philippines producers of canned pineapples for selling the undervalued products in the U.S. The producers were also involved in exporting other products such as pineapple juice and its concentration, which lowered the overall cost of canned pineapple, as claimed by the producers. The court calculated the production cost and found it to be 90 percent more than the total production cost.
To find: The applied approach is reasonable to determine the cost of production and the reasonable market value of the canned or preserved pineapple in the U.S.
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