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soldi70 [24.7K]
4 years ago
15

1. You are the owner of a small business that is a defendant in a lawsuit in federal court. You received bad news from your lawy

er that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. Your lawyer tells you that it is within your legal right to hire him to file an appeal with the United States Court of Appeals. If the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. Evaluate your lawyer's suggestion about appealing the decision.
Business
1 answer:
Serga [27]4 years ago
5 0

Answer:

Kindly check explanation

Explanation: After the verdict of the judge, as a lawyer who stood for the defendant, the lawyers would want to find a way out of the verdict such that his client could get a more favorable judgment, hence the option to appeal. However, appealing the verdict of a court also has two possible outcomes, which are either winning and getting a more favorable verdict which is avoiding the whole or part of the $50,000 fine or losing again which ultimately results in more expenses incurred during the duration of the legal suit. It could also dent the image of the business as his decision to appeal may be deemed as obstinate.

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I want to have a college fund for my daughter. She is 5, so I have 13 years to achieve my goal of $50,000. The bank says I can e
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$2960 yearly savings

Explanation:

From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.

                     EXPLANATION

  • If the child is 5yr old now, in 13years time, she will be 18yr old.
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  • In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321

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