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]
1 year ago
6

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

Business
1 answer:
nalin [4]1 year 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
Hi uhhhhhhhhhhhhhhhhhhhhhhhhhhhhh wsp
ZanzabumX [31]

Answer:

HIIIIIIIIIIIIIIII

Explanation:

Nm, Hbu?

6 0
3 years ago
Read 2 more answers
Akron, Inc., owns all outstanding stock of Toledo Corporation. Amortization expense of $15,000 per year for patented technology
const2013 [10]

Answer:

A. Yes

B. $170,000

Explanation:

A. Yes For consolidation purposes, the direction of the transfers for either upstream or downstream does affect the balances to be reported here reason been that when calculating the noncontrolling interest balances in a situation where it is present we have to taken into consideration the deferral of unrealized gross profits on upstream sales where Downstream on the other hand are assigned to the parent in which they will be viewed as if they have no any impact on the outside interest.

B. Preparation of a consolidated income statement for the year ending December 31, 2018

AKRON, INC. AND CONSOLIDATED SUBSIDIARY

Income Statement Year Ending December 31, 2018

Sales $1,380,000

[1,100,000+(600,000-320,000)

Less Cost of goods sold ($575,000)

(500,000+50,000+15,000)

Gross profit $805,000

($1,380,000-$1,380,000)

Operating expenses 635,000

(400,000+220,000+15,000)

Consolidated net income $170,000

($805,000-635,000)

Therefore Consolidated net income will be $170,000

7 0
3 years ago
Good evening! Did you eat today? Did you drink water today? Did you get outside for some fresh air or even anytime to chill? Did
Dovator [93]
Hello i did all of these it was so hard but i did it i’m so happy there are kind people like you who check on people you don’t see people like you often i really really appreciate it <3
4 0
3 years ago
Read 2 more answers
Who is down for talking?
hammer [34]

Answer:

bettt wassuh

Explanation:

3 0
3 years ago
Read 2 more answers
Rebecca, a department manager, has been dealing with two workers in her department who do not get along. due to family problems
Lerok [7]
<span>Rebecca is enacting the managerial role of mediator. By having both parties in the conflict meet to discuss the issue, Rebecca is hoping to resolve the conflict by having them talk things out in her presence while she unemotionally guides the discussion and make sure it stays on task.</span>
5 0
3 years ago
Other questions:
  • Which kind of listing gives one broker the right to sell, but allows the owner to sell the property and not owe a commission to
    10·1 answer
  • Modern Railways Co. operates a cargo railroad service between New York and Boston. A train owned by Modern Railways derails due
    9·1 answer
  • Prepare adjusting journal entries, as needed, for the following items. (If no entry is required for a transaction/event, select
    12·1 answer
  • A storage tank acquired at the beginning of the fiscal year at a cost of $90,000 has an estimated residual value of $12,000 and
    14·1 answer
  • 4 of 5) What is a good way to stay diversified?
    15·1 answer
  • Blossom Company incurs these expenditures in purchasing a truck: cash price $26,470, accident insurance (during use) $2,080, sal
    12·1 answer
  • he manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indica
    13·1 answer
  • An industry has 5 firms. Firm A has 30% of the market, Firm B and Firm C each have 25% of the market, Firm D has 15% of the mark
    8·1 answer
  • All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of eac
    10·1 answer
  • A perfectly elastic supply curve is: Group of answer choices upward sloping to the right. vertical. horizontal. downward sloping
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!