Negligence in the preparation of a tax return

Reference no: EM131047036

Joseph is the named insured under a Homeowners 3 policy (special form) with a liability limit of $100,000 per occurrence and a $1000 limit for medical payments to others. For each of the following situations, explain whether the loss is covered under Section II of Joseph's homeowners policy.

a. Joseph is a self-employed accountant who works out of his home. One of Joseph's clients sues him for negligence in the preparation of a tax return and is awarded a $3000 judgment against him.

b. Joseph's 25-year-old son, who recently married and now lives in his own apartment, negligently kills another hunter in a hunting accident. The son is sued for $1 million in a wrongful-death lawsuit.

Reference no: EM131047036

Questions Cloud

Discussion of business ethics : Based upon your readings and our discussion of business ethics, what in your opinion is the most important thing a company can do to ensure employees act in an ethical manner? Why?

Task that a program could perform over an array : Select a task that a program could perform over an array of items that would be used by a small business - The pseudocode associated with the task. Base the pseudocode on the examples provided

Legal forms of business : Discuss the commonly used legal forms of business as well as the benefits and liabilities of each. After doing so discuss the issue of vicarious liability as it relates to each one of the business structures

Ski resort and accidentally collides with a skier : Martha rents an apartment and is the named insured under a Homeowners 4 policy (contents broad form) with a liability limit of $100,000 per occurrence and $1000 medical payments. For each of the following situations, indicate to what extent, if an..

Negligence in the preparation of a tax return : Joseph is the named insured under a Homeowners 3 policy (special form) with a liability limit of $100,000 per occurrence and a $1000 limit for medical payments to others. For each of the following situations, explain whether the loss is covered un..

Describe three ways in which this advice might be incorrect : Describe three ways in which this advice might be incorrect

Prepare outline paper about identity provider and two change : Prepare a outline paper about Identity Provider and Two Changes. Your outline should contain an idea for your introduction, thesis, and two sections of a body comprised of a minimum of two potential areas of change related to the 2010 Affordable He..

Injures another player while playing softball : Indicate whether the following losses are covered under Section II of the homeowners policy. Assume there are no special endorsements. Give reasons for your answers.

Appropriate communication techniques to deal with conflict : What the attendant should have said to allow them to provide quality customer service, deal appropriately with complaints and use appropriate communication techniques to deal with conflict

User Account

All Pages