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Sphinxa [80]
3 years ago
14

In a negligence action in a jurisdiction that had adopted comparative negligence, a jury rendered a verdict that the plaintiff s

uffered $90,000 in damages and was 10 percent at fault. The plaintiff’s attorney had presented evidence and argued in his closing argument that the plaintiff’s damages were $100,000. Immediately after the verdict, the plaintiff, with permission from the court, discussed the case with all six of the jurors together before they left the courtroom. The plaintiff discovered that each of the jurors thought, contrary to the court’s instructions, that the damage amount was the amount that the plaintiff would receive, rather than the amount from which 10 percent would be deducted. The plaintiff seeks to offer testimony from each juror to that effect in order to increase the amount of the verdict to $100,000. Is the testimony of the jurors admissible?A. Yes, because a mistake was made by the jury in rendering its verdict.B. Yes, because the jury misunderstanding was related to the applicable law, rather than the facts.C. No, because a juror cannot be questioned about a verdict in the presence of the other jurors.D. No, because a juror cannot testify as to any juror’s mental processes concerning a verdict.
Business
1 answer:
FromTheMoon [43]3 years ago
4 0

Answer:<em><u> The testimony of the jurors is not  admissible, because a juror cannot testify as to any juror’s mental processes concerning a verdict.</u></em>

<em>Juror needs to follow a basic rule i.e. he/she can't impeach their own verdict.  He/she cannot take the stand due to the mental activity that he/she or other juror used in concluding a verdict.. </em>

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Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui
makkiz [27]

Answer:

Better Corp. (BC)

a. Accounting Equation

Assets                =       Liabilities       +               Equity

1. Cash $7,000                                                   Common stock $7,000

2. Cash $12,000        Bank loan payable $12,000

3. Cash $47,000                                                Service Revenue $47,000

4. Cash ($30,000)                                              Op. expenses ($30,000)

5. Cash ($8,000)                                                Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Assets $28,000   =  Liabilities $12,000  + Equity $16,000

b. Total assets = $28,000

Total liabilities = $12,000

Stockholders' equity = $16,000

Balance Sheet as of December 31, Year 1

Assets:

Cash                     $8,000

Land                  $20,000

Total assets      $28,000

Liabilities:

Bank loan         $12,000

Equity:

Common stock $7,000

R/Earnings          9,000

Total equity    $16,000

Liabilities and

 Equity          $28,000      

c. Total assets = $28,000

Total liabilities = $12,000

Total equity = $16,000

d. The Land will be shown on the December 31, Year balance sheet at $20,000.  The reason is that this is the acquisition cost and the land is not held for trading (no information provided).

Explanation:

a) Data and Analysis based on the Accounting Equation:

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Operating expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

7 0
2 years ago
What type of stores rely on their large size and very deep selection to try to dominate the market?
andrew-mc [135]
Power retailers are the stores that rely on their large size and very deep selection to try to dominate the market. 
Specialty stores are small, so you can eliminate that option immediately. Department stores are usually found within another store, so that's not correct too. Discounters don't have a very deep selection, they usually sell a lot of various things. Anchor stores are found within malls, so that's incorrect too. 
8 0
3 years ago
Sam, alfredo, and juan want to start a small u.S. Business. Juan will fund the venture but wants to limit his liability to his i
Ugo [173]

Answer: These individuals must enter into a <u>limited partnership.</u>

When a partnership has at least one General Partner and one Limited Partner, the partnership is called a limited partnership.

The general partners bear all the risk of the partnership and are jointly and severally liable for the debts of the partnership.

The limited partner contributes funds, but in not involved in the management of the partnership.

As a result he is not personally liable for the debts of the partnership.

However, he is entitled to a dividend by virtue of his investment. The nature of this dividend is defined and the terms are spelled out clearly in the partnership agreement.

7 0
2 years ago
A firm has an issue of $1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pays interest annual
Mamont248 [21]

Answer:

c

Explanation:

4 0
2 years ago
A landowner in Texas is offered $200,000 for the exploration rights to oil on her land, along with a 25% royalty on the future p
Shtirlitz [24]

Answer:

b. She should develop herself as the EMV of developing is $1.125 million, which is higher than the EMV of selling.

Explanation:

The probability of discovered oil = 0.25 (25%)

Selling the exploration right= Selling Price + Probability of discovered oil × Royalty% × Future Profit

= $200,000 + 0.25 × 0.25 × $7,500,000 = $668,750

Developing = Probability of finding the oil × Future Profits - Cost of Well

= 0.25 × $7,500,000 - $750,000 = $1,125,000

= $1.125 million

Therefore the EMV for selling the exploration rights is less than the developing, the landowner will develop the site by his own.

4 0
3 years ago
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