Law of the jurisdiction is simple negligence

Assignment Help Business Economics

Reference no: EM13836957

Jim accidentally runs over Mary in the parking lot. Mary was walking to her car (maybe she wasn’t paying really close attention to traffic), Jim didn’t look both ways, so he ran her right over. (Mary will fully recover, but without any insurance, she is liable for the retail medical bills.) Jim claims that he did not intend to hurt Mary, and Mary concurs. Assume Mary’s injuries are valued at one million ($1,000,000).

1. If the law of the jurisdiction is simple (pure) negligence, Jim is deemed to be 65% negligent and Mary is deemed to have been 35% negligent, how much will Jim pay?

2. If the law of the jurisdiction is contributory negligence, Jim is deemed to be 95% negligent and Mary is deemed to have been 5% negligent, how much will Jim pay?

Reference no: EM13836957

Questions Cloud

Cause of positive serial correlation in business data : What is the typical cause of positive serial correlation in business data?

Account for qualitative factors or events : What approach can be taken in regression to account for qualitative factors or events?

Using regression to combine forecast : When using regression to combine forecast of the same Y variable derived in with various methods how do you determine the best forecasts to include in the model?

Regression method should be applied to using big data : Assume that you work for a large national company with several stores in each state. Which regression method should be applied to using "big data" that the company generates to answer questions about store revenue performance over time and to generat..

Law of the jurisdiction is simple negligence : Jim accidentally runs over Mary in the parking lot. Mary was walking to her car (maybe she wasn’t paying really close attention to traffic), Jim didn’t look both ways, so he ran her right over. If the law of the jurisdiction is simple (pure) negligen..

Regression coefficients partial-net regression coefficients : What is meant when we refer to multiple regression coefficients as partial or net regression coefficients?

Designed to detect multicollinearity in regression model : What statistic is designed to detect multicollinearity in a regression model?

State can restrict-regulate your use of real property : What is required before the state can restrict/regulate your use of real property? Why does the law require special steps be taken for the formation of joint tenancy?

Decreases holding everything else constant : What happens to the regression F value if R2 decreases holding everything else constant?

User Account

All Pages