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FrozenT [24]
3 years ago
5

Pransit, a truck driver, was involved in a truck collision with a passenger car driven by Sanjay. He sued Sanjay for negligence

and Sanjay defended by claiming that Pransit was negligent in his driving. The jury heard both sides of the case and was instructed by the judge on the rules of negligence and defense of pure comparative negligence. The jury verdict concluded that Pransit suffered $60,000 damages and Sanjay was 75% negligent and Pransit was 25% negligent in contributing to his own harm. Pransit will recover: A. $15,000. B. $45,000 C. $60,000 D. nothing.
Business
1 answer:
Harman [31]3 years ago
4 0

Answer:

Pransit will recover:

B. $45,000

Explanation:

a) The rules of negligence and defense of pure comparative negligence will ensure that Pransit recovers some damages arising from the negligent deriving.  However, the extent of the amount he will recover depends on the percentage of the defendant's fault.  The implication is that Sanjay will be responsible for 75% of the damage while Pransit bears the remaining 25% (100% - 75%).

b) Amount of damages suffered by Pransit = $60,000

Percentage of Sanjay's negligence = 75%

Therefore, the damage liable to be paid by Sanjay to Pransit = $45,000 ($60,000 * 75%).

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victus00 [196]

Answer:

The investor will pay up the rereofitted pumps in a period of 22.52 months.

Explanation:

<em><u>First,</u></em> we solve for the amount of profit generate per month:

21,000 gallons a month x $0.09 per gallon = $1,890

Now, we calcualte the time at which an monthly income of 1890 discounted at 2% per month matches a present value of 34,000

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  $1,890.00

time    n

rate 0.02

PV $34,000.0000

1890 \times \frac{1-(1+0.02)^{-n} }{0.02} = 34000\\

(1+0.02)^{-n}= 1-\frac{34000\times0.02}{1890}

(1+0.02)^{-n}=  0.64021164

We use logarithmics properties to solve for n:

-n= \frac{log0.64021164021164}{log(1+0.02)

-22.52006579

n = 22.5200 = 22 and a half month.

7 0
3 years ago
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rodikova [14]

Answer:

The answer is A. demand for money falls and the interest rate falls

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When the price level decreases, the purchasing power of consumers increases, so consumers' demand for money will be reduced or lower. The transactional demand for money will be reduced.

Also when price level decreases, interest rate falls. Because the purchasing power of consumers has been increased, the excess money will be kept in banks and the increases the money supply. So with an increase in money supply, interest rate will be reduced to encourage borrowing.

3 0
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Answer:

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3 years ago
1. Although a promise to give value in the future is a valid consideration to support a contract, it does not constitute _______
Angelina_Jolie [31]

Answer:

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