Question business lawal is driving down the street when he, Ask an Expert

Finance

Question: Business Law

Al is driving down the street when he takes his eyes off the road to look at a billboard advertising Coca Cola. Due to his negligence his automobile collides with another automobile, so that auto hits a light pole containing an electric transformer. The light pole strikes a pedestrian, Sam, injuring him severely. When the transformer hits the ground, it causes a short-circuit, which causes electricity to go out for two days in two-state area, New York and Connecticut, which has many business establishments and residential housing. Al is sued by Sam, the business establishments (who lose profits), and home owners (whose food goes bad). For what damages is Al liable? Give legal reasons for your answer based on the law of negligence.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92788852

Have any Question?Write your Review or question?

Related Questions in Basic Finance

You are a junior analyst and you have been asked to

You are a junior analyst and you have been asked to forecast sales for lululemon for 2012. At the end of 2011, lululemon operated 147 corporate stores in North America (42 in Canada and 105 in the US). Lululemon plans to ...

The enterprise value of kwok services is 550 million kwok

The enterprise value of Kwok Services is $550 million. Kwok has total debt of $90 million, cash and investments of $40 million, and 8 million outstanding shares. What is Kwok's value per share?

Question - how do book value and market value differ

Question - How do book value and market value differ? Provide an example found in a peer-reviewed journal article.

What is the number of shares that must be issued to the new

What is the number of shares that must be issued to the new investor in order for the investor to earn his target return?

Please show formula and detailed explanationyou have just

Please show formula and detailed explanation. You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 11.1 percent, compounded a ...

Sweatt strengths weaknesses excellence action threats and

SWEATT (Strengths, Weaknesses, Excellence, Action, Threats and Team) This model was developed by Dr. Russel Robertson to effectively implement culture change in an organization. How can the SWEATT model help organization ...

Fools gold jewelry has just paid a stock dividend of 150

Fools Gold Jewelry has just paid a stock dividend of $1.50. Over the next 3 years, Fools Gold plans to increase their dividend by 10% each year. Beginning in year 4 Fools Gold will decrease their dividend to 5% growth fo ...

If the rate of inflation is 43 what nominal interest rate

If the rate of inflation is 4.3%?, what nominal interest rate is necessary for you to earn a 2.8 %real interest rate on your? investment? ?(Note: Be careful not to round any intermediate steps less than six decimal? plac ...

1 you have been asked to develop a capitation rate for a

1. You have been asked to develop a capitation rate for a primary care group based on the following projections: Service Annual Frequency/1,000 Cost per Service Inpatient Visits 100 $7,000.00 Office Visits 3,000 $45.00 L ...

Is there a particular capital structure that maximizes the

Is there a particular capital structure that maximizes the value of the firm? Explain.

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

Recent Questions

Ask Basic Finance Expert