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Management Studies

Question: 1. Describe some difficulties in implementing perfect compensation for the destruction by fire of , the estate of the Gascoyne Stubbs family for 15 generations.

2. Suppose that a car stalls on the railroad tracks because its carburetor is badly maintained. A train collides with the car because the train's brakes are badly maintained. What is the proximate cause of the accident? Did the train or the car have the "last clear chance" to avoid the accident? (A note in Chapter 3 discusses the doctrine of the last clear chance.)

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