Liability damages be paid for this accident

Assignment Help Business Economics
Reference no: EM13735896

Jake drove Amanda's truck to the football bowl game because his car was broken. On the way home, Jake was involved in an accident that was his fault. The resulting liability damages totaled $85,000. Jake has $100,000 liability coverage on his car, and Amanda has $50,000 on her truck. How would the $85,000 liability damages be paid for this accident?

a) $50,000 from Amanda's policy with no further payment

b) $85,000 from Jake's policy

c) $50,000 From Amanda's policy plus $35,000 from Jake's policy

d) $50,000 from Amanda's policy plus $35,000 out of Jake's pocket

e) $50,000 from Amanda's policy plus $35,000 out of Amanda's pocket.

Reference no: EM13735896

Questions Cloud

Identify the nature of the value of the network effect : Identify two of the beneficiaries of the secondary markets (of the multi-sided network effects) for Windows OS. And identify the nature of the value(s) of the network effect?
Describe what they are doing and state your opinion : In a 1-2 page paper, describe what they are doing and state your opinion on whether it is an effective tool in their marketing arsenal. Be sure to support your opinion
Charging for each checked baggage : Recently American Airlines started charging $15 for each checked baggage. Why did the company simply not charge $15 to $20 more per ticket, and quietly avoid this publicity? responses to this topic.
What are some of the unintended consequences of power : When is the use of power not acceptable. What are some of the unintended consequences of power
Liability damages be paid for this accident : Jake drove Amanda's truck to the football bowl game because his car was broken. On the way home, Jake was involved in an accident that was his fault. The resulting liability damages totaled $85,000. Jake has $100,000 liability coverage on his car, an..
How do heritability and environmentability differ : How do heritability and environmentability differ and what role does generation time have in the whole heritability issue?
Summary of a plan for at&t mobility : Write a one-to-two page summary of a plan for AT&T Mobility. Identify an area where AT&T can improve and why the change(s) would be beneficial to the organization. This document would be used internally within the company
Explain the nature of the colonies in jamestown in virginia : The nature, character, contrast and comparison between the colonies in Jamestown in Virginia, the Massachusetts Bay Colony, Plymouth in Massachusetts, and the establishment of Maryland.
Well as the vertical and the horizontal intercept : Suppose that Ellen has $I to spend on goods x and y: The price of good x is px and the price of good y is p y: Write down Ellen's budget line and draw it. Indicate the slope, as well as the vertical and the horizontal intercept.

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate what happen to the prices of oranges and marginal

Elucidate what happen to the prices of oranges and marginal product of orange pickers as a result of a freeze. Can you say what happens to the demand for oranges pickers. Why or why not.

  Unionized plants than in non-unionized environments

Explain why cooperative approaches may stand up to legal review more easily in unionized plants than in non-unionized environments.

  Long-run macroeconomic steadiness

Write down on a paper analyzing dissimilar approaches that might be used by Keynesian theorists.

  Q for all qualitative non-numerical graphs be sure to label

q. for all qualitative non-numerical graphs be sure to label all curves and axes carefully. explain how both initial

  Fluctuations in the economys real growth rate

If the fluctuations in the economy's real growth rate from year to year are caused primarily by variations in the rate at which aggregate delivery increases

  Q1 according to the article gdp every capita or every head

q1. according to the article gdp every capita or every head in europe has leveled off at illustrate what fraction of

  Determine the optimal level of labor input

Suppose we only use labor in a production run. How do we determine the optimal level of labor input in the short run? In other words what condition must be met

  Calculate marginal revenue from demand

Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.

  Absolute advantage in the production

Suppose each of the five sellers can supply at most one unit of the good. Elucidate the price when market quantity supplied is exactly 3.

  Qin the early 1980s interest rates on long-term debt were

q.in the early 1980s interest rates on long-term debt were at remarkable levels - above 15percent higher. within a

  Significant difference in the means of the populations

compute the test statistic. at 95% confidence test to determine if the is a significant difference in the means of the 3 populations.

  What is each project mirr

What is each project's MIRR? From your answers to Parts a, b, and c, which project would be selected? If the WACC was 18%, which project would be selected?

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