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almond37 [142]
2 years ago
15

A taxi crashed into a telephone pole. The taxi's passenger commenced a negligence action against the taxi driver, properly servi

ng the taxi driver with the summons and complaint. The taxi driver, being an independent contractor with no right to indemnity from the taxi's owner, turned the summons and complaint over to his insurance company. After trial, the jury returned a verdict in favor of the passenger, finding that the taxi driver's negligence was the sole cause of the crash. The passenger then commenced a second action, this time against the owner of the taxi. The owner also had no right of indemnity from the taxi driver. The passenger alleged that the taxi driver's negligence was the sole cause of the crash and that the owner was vicariously liable. The passenger immediately moved for partial summary judgment against the owner based on the finding of the taxi driver's negligence in the prior action. If the court denies the motion, what is the most likely reason
Business
1 answer:
andrew-mc [135]2 years ago
8 0

Answer:

If the court denies the motion, the most likely reason is that vicarious liability cannot be established against the taxi owner because the driver is an independent contractor.

Explanation:

While an employer is vicariously liable for the negligent acts of its employees when carried out "in the course of employment," the taxi driver is an independent contractor, and his acts cannot be made good by the taxi owner.  Secondly, since a verdict had already been entered in his favor against the taxi driver, the passenger's claim for damages will be adequately met by the first judgment.

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Of the 168 hours in aâ week, as a full timeâ student, you should spend how many hours per week on schoolâ work?
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Complete Question:

The O'Hara, Parness​​, and Lincoln partnership balance sheet reports capital of $50,000 for O'Hara​, $125,000, for Parness​, and $25,000 for Lincoln.  O'Hara is withdrawing from the firm. The partners have shared profits and losses in the ratio of 1/2 to O'Hara​, 1/4 to ​Parness, and 1/4 to Lincoln. The partnership agreement states that a withdrawing partner will receive cash equal to the book value of his​ partners' equity. Journalize the withdrawal of O'Hara.

Answer:

The O'Hara, Parness​​, and Lincoln Partnership

Journal Entry:

Date      Description                   Debit              Credit

            O'Hara Capital A/c     $50,000

            Cash Account                                       $50,000

To record the withdrawal of O'Hara and his capital interest.

Explanation:

The Partnership of O'Hara, Parness, and Lincoln can use the journal entry as above to record the withdrawal of a partner.  The O'Hara's Capital account previously had a credit balance and cash will be involved in settling O'Hara, the journal entries to complete the withdrawal of O'Hara are a debit to the O'Hara's Capital account and a credit to the Cash account.  This arrangement is in accordance with the partnership agreement.  This is the most important governing law for the partnership and everything or transaction affecting the partnership must be done accordingly.  It is only in the absence of an agreement that the laws or general practise concerning partnership can be applied.

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3 years ago
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A highly inelastic elastic supply is the situation where the supply of goods and services does not change even when the taxes or cost of production of the good or service increases.

When supply is inelastic, the sellers will bear the burden of the increased tax as increasing the price of the apples will cause the customers to look for alternatives.

5 0
3 years ago
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Answer:

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In order to calculate Seminole’s taxable income we would have to calculate the following formula:

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To calculate Seminole’s federal income tax for the year we would have to make the following calculation:

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Seminole’s federal income tax for the year=$628,000*34%

Seminole’s federal income tax for the year=$213,520

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