1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leviafan [203]
8 months ago
6

What is a worrisome consequence under the joint and several liability principle?

Business
1 answer:
nalin [4]8 months ago
7 0

Each culpable party is responsible for its proportionate share of the damages. Damages are always the responsibility of all negligent parties.

What is  joint and several liability?

  • Each party is individually liable for the entire extent of the damages caused by the tortious act when two or more people become jointly and severally responsible for that though.
  • As a result, if a plaintiff obtains a monetary judgment against all of the parties, they may each be held liable for the full amount of the verdict.
  • The other wrongdoers may then be asked to contribute to that party. The law of undivided injury is the name given to the idea of picking the defendant(s) against whom to seek damages.

The worrisome consequences are as previously mentioned, joint and several liability usually works in the plaintiff's favor because it raises the likelihood that every one of the damages granted will be recouped.

In contrast hand, it can be thought unjust for a party to suffer a disproportionate financial loss as a result of an unpleasant incident for which it had only a tiny responsibility.

Learn more about joint and several liability here:

brainly.com/question/24182454

#SPJ4

You might be interested in
The economic definition of money​ is__________.A. A good that has intrinsic value.B. Anything authorized by the government to be
Citrus2011 [14]

Answer:

The correct answer is option D.

Explanation:

Money can be defined as any asset that is generally accepted by people in exchange for goods and services. The basic function of money is to act as a medium of exchange.  

It reduces the transaction cost in exchange for goods and services by eliminating the double coincidence of wants.  

Money can be of different types such as commodity money, fiat money, etc.  

Other functions of money are to act as a store of value and unit of account.

4 0
2 years ago
The most common occupational frauds in small businesses involve employees doing all of the following EXCEPT______________.a. ski
kotykmax [81]

Answer:

D. Altering financial statement

Explanation:

4 0
2 years ago
Marika is a senior journalist at a news agency. She goes on a temporary leave for six months and travels around different parts
QveST [7]

Answer:

The correct answer is the option B: expatriate assignment.

Explanation:

To begin with, the term of <em>expatriate</em> refers to the person who is currently living abroad in a certain amount of time and primarily for work reasons. This professional worker takes a position outside her home country and that could be done as part of a work assignment scheduled by the employer of the individual. Moreover, expatriate assigment individuals also earn more money than the regular workers at home and furthermore the company generally helps the expatriate in relocation assistance and housing allowance.

Secondly, the case of Marika is a general example of expatriate assigment due to the fact that her company may have ordered her to leave for a period of time to other countries in order to find news and investigate about certain topics and in order to do that the company will pay her so she can do her job properly and then go back home and share her information with her colleagues.

4 0
3 years ago
The study of economics is really boring, and it has little to do with my daily life.
zvonat [6]

Studying economics can be really boring, because of the amount of technical terms that can be difficult for everyone to understand, but it is important to learn economics as we deal with it in our daily life.

All of our activities are related to economics, as economics is defined as the science that studies the economic process, the distribution of wealth and resources for satisfying human needs and well-being.

Through economics we can understand several variables that impact our lives, such as:

  • manage personal finances,
  • understand the world's economic scenario,
  • understand the news,
  • make investments.

Therefore, it is necessary for each individual to have a base of economic knowledge to better understand how and why things happen in the world and how they directly impact our lives.

Learn more:

brainly.com/question/17408105

7 0
2 years ago
Imagine that you sell popcorn at the local football stadium. knowing about diminishing marginal utility, how would you price you
Rudiy27

Answer: Charge a lower price after half-time

Explanation: Law of diminishing marginal utility holds that as the consumer consumes more and more units of a commodity, the incremental satisfaction derived from the successive units begins to fall after a certain point. Thus, as marginal utility begins to fall the persons willingness to pay shall also decline for the successive units. Therefore, the seller must sell the pop-corns at a lower price after half-time.

7 0
2 years ago
Other questions:
  • According to the ohio and u.s. constitutions, which responsibility is held by both the state of ohio and the federal government
    6·1 answer
  • Which of the following statements is false about assessing interests in negotiations? Select one: a. If you don’t ask what the o
    15·1 answer
  • An independent study shows that when the city of Cleveland subsidized major sport teams owners with a billion dollars for three
    10·1 answer
  • The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,3
    12·1 answer
  • Changing personnel responsibilities to suit an information system is more disruptive to an organization than ordering additional
    9·1 answer
  • Region Jet has a $68 million liability at December 31, 2021, of which $14 million is payable in 2022. In its December 31, 2021 b
    13·1 answer
  • Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the b
    10·1 answer
  • ​Marketing Solutions Inc. promises to employ Niki as a software engineer. In reliance on the promise, Niki quits her job with On
    8·1 answer
  • For students not wanting a traditional major in marketing or accounting, for example, YSU decided to create a general business m
    8·1 answer
  • 2. An effective classroom arrangement allows for the following:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!