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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?
Prove that every weighted average of three numbers x1
What is the optimal consumption bundle (a*,b*)? What can you say about this utility function?
Determine the standard error of the estimated slope coefficient for the price of roses (point F) and whether that estimated slope coefficient is statistically significant at the 5 percent level.
Illustrate what do you agree with the speaker. Explain your answer with the use of a graph indicating the firm's short-run cost structure.
Illustrate what new decisions will you make regarding production levels and pricing for your Widget facility.
Can you explain the practice of scalping tickets for major sporting events in terms of market shortages? How else might tickets be distributed? If rent controls are so counterproductive, why do cities impose them? How else might the housing problems ..
Helen has a hospital bill of $14,000. 90% of the bill is allowable under her insurance. She has an $800 deductible with a 15% coinsurance. Calculate Contractual Allowance, the amount paid by the insurance company and the amount that Helen must pay.
Two investment opportunities are as follows: For A: First cost = $150, Uniform annual benefit = 25, End-of-useful-life salvage value = 20, Useful life = 15 years. At the end of 10 years, Alt. B is not replaced. Thus, the comparison is 15 years of A v..
Suppose that GDP is $49,081, taxes are $7,478, consumption is $13,848, transfers are $5,073, and government spending is $10,880. What are national savings?
What is the trademinus−off that consumers face when buying the product of a monopolistically competitive? firm? If a monopolistically competitive firm has excess capacity.
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
Mr. and Mrs. Cally are in the process of buying a home for $240,000 and are considering the following home mortgage financing options: What is the expected home's value in 5 years? What is the outstanding loan balance in 5 years for option 1: ? for o..
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