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nikitadnepr [17]
3 years ago
6

A new truck, manufactured by General Motors Corp. (GMC), stalled in rush hour traffic on a busy interstate highway because of a

defective alternator, which caused a complete failure of the truck's electrical system. The driver stood nearby and waved traffic around his stalled truck. A panel truck approached the GMC truck, and immediately behind the panel truck, Davis was driving a Volkswagen fastback. Because of the panel truck, Davis was unable to see the stalled GMC truck. The panel truck swerved out of the way of the GMC truck, and Davis drove straight into it. The accident killed him. Davis's widow sued GMC. GMC moved for summary judgment, alleging (1) no duty to Davis, (2) no factual causation, and (3) no foreseeable harm. Comment.
Business
2 answers:
gulaghasi [49]3 years ago
8 0

Answer: Summary judgment for GMC denied.

Explanation:

- GMC owes a duty to everyone on the highway since the possibility of an accident is apparent.

- There was factual causation: had it not been for the faulty alternator the truck would never have stalled. - This chain of events is entirely foreseeable. GMC need not foresee precisely what happened; only that something like this could happen.

tiny-mole [99]3 years ago
3 0

Answer:

GMC should not be granted a summary judgement because there are several disputes of material facts.

Explanation:

In order for Davis's widow to win the case she must be able to prove that GMC is liable for:

  1. Duty of Care: GMC did actually have a duty of care with other drivers because it is foreseeable that their trucks can hurt other people under several circumstances.
  2. Factual Cause: the truck's defective alternator was the responsible for Davis's accident, because its failure caused the truck to be stalled in the highway and resulted in Davis hitting it.  
  3. Foreseeable harm: it is foreseeable that if a truck breaks down anywhere in a road it can result in severe harm to people.
  4. Proximate Cause: the alternator failure was the proximate cause of Davis's death because it is foreseeable that a failure in a large truck can harm someone.

The basic argument relies on the fact that GMC produced the truck, the truck had a manufacturing defect that made t break down in the middle of the highway, and as a result Davis suffered an accident and died.

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Free Motion Enterprises paid a $2.20 per share annual dividend last week. Dividends are expected to increase by 3.75 percent ann
Tems11 [23]

Answer:

$20.29

Explanation:

The computation of the today share price is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend

= $2.20 + $2.20 × 3.75%

= $2.20 + 0.0825

= $2.2825

The other items values would remain the same

So, the today price would be

= $2.2825 ÷ (15% - 3.75%)

= $2.2825 ÷ 11.25%

= $20.29

6 0
3 years ago
The following information is for employee William Heedy for the week ended March 15.
ioda

Answer:

1. b. $896.00

2. c. $317.20

3. a. $578.80

4. b. $67.20

5. d. $4.80

Explanation:

1. WIlliam's total earnings

40 hours at $16 = $640

8 hours at $32 = $256

Total                  = $896

2. WIlliam's total deductions

Income Tax                                        $200

United Fund deduction                     $50

Social security tax (6% * $896)         $3.76

Medicare tax (1.5% * $896)                <u>$13.44</u>

Total                                                    <u>$317.20</u>

3. William's net pay

= Total earnings - Total deductions

= $896 - $317.20

= $578.80

Cash Paid is $578.80

4. Employers FICA based on Williams pay

Social Security and Medicare taxes = 7.5% * $869 = $67.20

5. Employers Federal Unemployment based on Williams pay

Federal unemployment tax = 0.8% * $600 = $4.80

7 0
3 years ago
A feature of monopoly that leads to unfavorable consequences is that it:
sammy [17]
Generally, prices are inflated when there are fewer choices.  
6 0
3 years ago
Refer to Exhibit 7.3, which shows the U-shaped cost curves for a producer. A is the marginal cost curve, B is the average variab
Alisiya [41]

Answer:

U shaped Curves are all of the three : A marginal cost curve , B average variable cost curve , C average (total) cost curve

Vertical Distance between B) Average Variable Cost Curve , C) Average Total Cost Curve is Average Fixed Cost

Explanation:

Marginal Cost [MC] is addition to total cost, when an additional unit of output is produced. It is the rate of change in Total Cost. As total cost increases at decreasing rate first, then at increasing rate ; MC curve falls first & then rises & hence is U shape

Average Cost [AC] is average total cost per unit of output. It is also U shape as it falls first & then rises, due to total cost first increasing at decreasing rate & then increasing at increasing rate.

Total Cost [TC] changes only due to change in total variable cost [TVC] , as total fixed cost is constant. So, TVC changes in same pattern as TC, first at decreasing rate & then at increasing rate. This makes Average Variable cost [AVC] rise first, fall then i.e U shape

Total Cost is the total production expenditure on all (fixed & variable) factors of production.

TC = TFC (total fixed cost) + TVC

AC = AFC (average fixed cost) + AVC

AC - AVC = AFC. Difference between AC & AVC is AFC. This distance keeps on falling with increase in output but never becomes zero (the curves keep on coming closer but never intersect). Such because TFC is constant, AFC = TFC / Q keeps on falling with increase in output

6 0
2 years ago
"You save $3,260.00 in a savings account earning a 3.55% APR compounded monthly. How much is the total interest earned by the en
sammy [17]

Answer:

$ 29.018 ( approx )

Explanation:

The amount formula in compound interest,

A=P(1+r)^t

Where,

P = principal amount,

r = rate per period,

t = number of periods,

Here, P = $ 3260.00,

Since, the amount is compounded monthly,

So, the number of periods in 3 months, t = 3,

Also, annual rate = 3.55 % = 0.0355,

So, the rate per month, r = \frac{0.0355}{12}  (∵ 1 year = 12 months)

Thus, the amount after 3 months,

A=3260(1+\frac{0.0355}{12})^3=3289.01817638\approx 3289.018

Hence, the total interest earned,

I = A - P =3289.018 - 3260 = $ 29.018

3 0
3 years ago
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