Type of judgment did trial court award against acme firework

Assignment Help Business Economics
Reference no: EM131236574

An individual was injured while setting off fireworks that he purchased from the ACME Fireworks Company. This individual was a resident of the state of Oregon. He was injured after lighting the fireworks in Oregon. The ACME Fireworks Company was located in the State of Maryland. It sold fireworks to the individual in Oregon. The individual’s injuries cost him – in terms of doctor’s bills and missed income from not being able to work – well over $200,000. The individual sued ACME Fireworks under Oregon common law for negligence. He filed his civil lawsuit against the company in Oregon state court. ACME Fireworks did not, however, respond to or otherwise contest Rice’s lawsuit and Rice was awarded $425,000 in damages by the trial . Based on the legal information that you learned in this chapter, write a 1-2 sentence answer for each of the following questions. a. What type of judgment did the trial court award against ACME Fireworks? b. Which court(s)--state and/or federal courts--would have jurisdiction over the injured individual’s lawsuit against ACME Fireworks? c. Explain the reasoning for your answer to question “b”. d. How did the Oregon state court have personal jurisdiction over ACME Fireworks?

Reference no: EM131236574

Questions Cloud

What would it take to reduce the overall demand for gasoline : Americans are known for their long-term love affair with their cars. But as gasoline prices soar and concern about the environment mounts, the need to conserve gasoline has become increasingly clear. What would it take to reduce the overall demand fo..
What are the costs and benefits of such a merger : For many years you have been using your local, small-town bank. One day you hear that the bank is about to be purchased by Bank of America. From your vantage point as a retail bank customer, what are the costs and benefits of such a merger?
Other offenses related to terrorism : Mohammad Omar Aly Hassan and nine others were indicted in a federal district court on charges of conspiring to advance violent jihad (holy war against enemies of Islam) and other offenses related to terrorism. How might the government show the connec..
The copyright is valid to establish infringement : United fabrics international, inc., bought a fabric design from an Italian designer and registered a copyright to it with the U.S copyright office. When Macy's Inc., begin selling garments with a similar design, United filed a copyright infringement ..
Type of judgment did trial court award against acme firework : An individual was injured while setting off fireworks that he purchased from the ACME Fireworks Company. This individual was a resident of the state of Oregon. He was injured after lighting the fireworks in Oregon. The ACME Fireworks Company was loca..
Type of judgment did trial court award against acme firework : An individual was injured while setting off fireworks that he purchased from the ACME Fireworks Company. This individual was a resident of the state of Oregon. He was injured after lighting the fireworks in Oregon. The ACME Fireworks Company was loca..
Total revenue and marginal revenue functions for your firm : Your firm makes smart phone cases. The firm is a monopoly that faces the following demand function: P = 360 – 2Q. What are the total revenue and the marginal revenue functions for your firm?
Analyze the pros and cons of putting price ceiling : Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from the chapter in this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer. In the first cas..
Exposure to international flow of funds : Ben Holt, chief financial officer (CFO) of Blades, Inc., has decided to counteract the decreasing demand for Speedos roller blades by exporting this product to Thailand. Furthermore, due to the low cost of rubber and plastic in Southeast Asia, Holt h..

Reviews

Write a Review

Business Economics Questions & Answers

  How will this affect the costs that forest service incurs

Lightweight personal locator beacons are now available to hikers that make it easier for the Forest Service's rescue teams to locate those lost or in trouble in the wilderness. How will this affect the costs that the Forest Service incurs? (Ch 20 Ind..

  Determine if the firm is operating in the short run

determine if the firm is operating in the short run or the long run. old york & company, a women's retailer, is not under a wage contract with its employees, but it is currently in a one year lease at its mall location.

  Monthly economic profit of drugstore

Refer to the table below. The table shows the monthly economic profit of a drugstore. Total (gross) revenues per month $ 27,000 less explicit costs: Economic profit (revenue minus all costs) $2,000 If the owner of the drugstore hired a manager for $1..

  Explain how the travel cost method

Explain how the travel cost method might be used to determine the value visitors place on their right to visit a national park?

  What is the price and output this monopoly

What is the price and output this monopoly would produce at if unregulated. What is the socially optimal price and output for this monopoly? What is the fair return price and output for this monopoly?

  Ultimate objective of the federal reserve

Which of the following is an ultimate objective of the Federal Reserve?

  Discuss strengths and weaknesses of both approaches

Evaluate and discuss strengths and weaknesses of both approaches. Discuss any improvements in selection process of either firm that you would recommend.

  Decrease in the price of land

Impact the decrease in the price of land will have on this firm's short run cost curves (short run fixed costs, variable costs also total costs). Elucidate your illustration.

  Recognized as depreciation expense

CosbyCompany purchased a truck that cost $26,000. The company expected to drive the truck 100,000 miles. The truck had an estimated salvage value of $2,000. If the truck is driven 36,000 miles in the current accounting period, Calculate the amounts s..

  What do you think will cause market fluctuations

What do you think will cause market fluctuations over the next few years as the economy struggles to recover? What areas of the economy should be closely watched as indicators of future activity?

  Allow company to pursue an outpacing strategy

What are the factors that allow a company to pursue an outpacing strategy?. Identify the ways that companies can follow in order to deal with a disruptive innovation. Explain the six paths framework and be able to use it for value creation in e-busin..

  Labor hours hired by the profit maximizing monopsonist

Suppose that one firm is the only employer of a certain labor service (i.e., the firm is a monopsonist). Assume its MRPL is given by L= 11 - w and the labor supply is L = W. What is the wage paid and the number of labor hours hired by the profit maxi..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd