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MAVERICK [17]
2 years ago
14

With his parents' permission, David, a ten-year-old, purchased a plastic snow sled from Kmart. He went sledding, lost control, h

it a tree, and was injured. David's parents filed a negligence lawsuit in a state court against Kmart, alleging that the store should not have sold this type of sled because it was difficult to steer and had no brakes, making it unreasonably dangerous. Kmart contended that sledding is an inherently dangerous activity and that David assumed the risks involved when he went sledding. The court probably found that Kmart was:
Business
1 answer:
Nata [24]2 years ago
5 0

Answer:

The Kmart was held by the court not liable because David assumed the risks of sledding.

Explanation:

Negligent actions are those actions that come under the rubric of tort actions. To prove negligent actions against a person or a company, the plaintiff is required to prove four things in court– duty, breach, causation, and damages.

In the given case, the court will not be held Kmart liable because David (the consumer) was aware of the risks involved in the sledding. Therefore, the case of negligent actions is not applicable for Kmart.

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3. What kind of information is required to be considered before going abroad
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4 0
3 years ago
My pension plan will pay me $10,000 once a year for a 10-year period. The first payment come in at the end of 6th year from now.
Gala2k [10]

Answer:

0.75163

Explanation:

So, we are given the following data or parameters or information which is going to help us in solving the question above;

=> Payment for the pension = $10,000 once a year for a 10-year period.

=> Time for the first payment = ''end of 6th year from now''.

=> Type of Pension plan for immunization = " 5-year zero-coupon bond and 20-year zero coupon bond to construct the immunization position''

=> Interest rate = 10%.

Therefore, the weight on the 5-year zero-coupon bond can be calculated as follows:

Duration = (Weight × 5) + [( 1 - weight) × 20].

=> 5b + 20 - 20b = 8.7255.

=> b = 0.75163.

Therefore, the weight on the 5-year zero-coupon bond is 0.75163.

The weight on the 20- year zero-coupon bond = 1 - 0.75163= 0.2884.

6 0
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