Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Financial Management Expert

Holly Averyt, a commercial truck driver, slipped in grease while making a delivery to Walmart store number 980 in Greeley, Colorado. As a result of the fall, Averyt ruptured a disc in her spine and injured her shoulder and neck. These injuries left her unable to perform many daily functions. Averyt sued Wal- Mart Stores, Inc. (Walmart), alleging claims for negligence and premises liability.

Averyt's attorney sought evidence from Walmart documenting the grease spill, but Walmart denied the existence of the grease spill and did not turn over documents to Averyt. During opening statements on the first day of trial, Walmart denied the existence of the grease spill. On that day, Averyt's attorney contacted the government of the City of Greeley and discovered a memorandum that referenced the grease spill and documentation of the cleanup of the spill. Averyt impeached a \Valmart \vitness's statements using the Greeley report.

The next morning, Walmart informed the court and Averyt that it had located an assistant manager who remembered the grease spill and disclosed numerous documents that confirmed the existence of the spill, including documents from three companies that were involved in cleaning up the spill. From that point forward, Walmart ceased to deny the existence of the grease spiU and instead asserted that it had exercised reasonable care to clean up the spill.

The jury found in Averyt's favor and awarded her $15 million in damages. The trial! court judge applied a legal cap on damages, reducing the award to approximately $11 million. Walmart made a motion for a new trial, alleging nondisclosure of the Greeley report by plaintiffs before being introduced at trial and unfair prejudice of the jury. The trial court granted Walmart's motion for a new trial. Averyt appealed.

Do you think that Walmart willfully did not disclose the evidence of the grease spill? Did the jury consider Walmart's conduct when it reached its verdict?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92671427

Have any Question?


Related Questions in Financial Management

Conduct some research related to leasingwhat are the

Conduct some research related to leasing. What are the benefits to leasing as opposed to purchasing? What impact does leasing have on taxes? In the Kingdom of Saudi Arabia, are healthcare organizations more likely to lea ...

Managerial finance ronsoninc a technology company is

Managerial Finance RonsonInc.; a technology company, is evaluating the possible acquisitionof Blake equipment company. If the acquisition is made, it will occur on January 1, 2009. All cash flows shown in the income stat ...

Objectivedemonstrate the ability to perform financial

OBJECTIVE Demonstrate the ability to perform financial calculations and analysis related to the concepts covered in this course. PURPOSE The purpose of this project is to give you practical experi- ence with financial co ...

Discuss one or a few of the basic concepts of capital

Discuss one (or a few) of the basic concepts of capital budgeting such as independent vs. mutually exclusive, capital rationing, sunk costs, opportunity costs, cash flow patterns, etc. Why are they important for the inve ...

Assignmentthe interview assignment asks you to perform an

Assignment The interview assignment asks you to perform an informational interview with a professional within the Fitness and Wellness industry. The person does not have to be an owner but simply someone who is or has be ...

Launching a new product linefor this portfolio project

Launching a New Product Line For this Portfolio Project Option, you will act as an employee in a large company that develops and distributes men's and women's personal care products. The company has developed a new produ ...

Company overviewintroductory paragraph summarize the

Company Overview Introductory paragraph. Summarize the section in 1 - 2 paragraphs including the history, current market, and the overall image of the organization. History Current Market Include a brief 2 - 3 paragraph ...

Answer the following question bullthe importance of

Answer the following Question : • The Importance of Reserves to a Bank • The connection between the availability of mortgage financing and home ownership rates? • Profits and Risks of Off-Balance-Sheet Activities • The S ...

Consumer behavior assignment - personality and

Consumer Behavior Assignment - Personality and Lifestyles 1. What are some products that make their appeals primarily to the id? What are some products that make their appeals to the superego? Do products make an appeal ...

Uit analyzing and managing inventorydeliverable length

Unit: Analyzing and Managing Inventory Deliverable Length: 8-10 PowerPoint slides with speaker notes Library Research Assignment After the last report, the owners of Stone Horse Supply Company, John and Michael, have con ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As