Malcolm was involved in an auto accident. He was judged to be 20 percent at fault in the accident, and the other party was judged to be 80 percent at fault. Malcolm’s actual damages were $40,000. Under a pure comparative negligence rule, how much will Malcolm receive for his injuries? A) $8,000 B) $24,000 C) […]
Date: September 19th, 2020
Liability may arise because of a method of collecting oil or natural gas. Under this collection method, a high-pressure flow of fluid is injected underground. This collection method is called A) clear cutting. B) flow mining. C) hydraulic fracturing. D) slurry mining. ANSWER Answer: C
Date: September 19th, 2020
In the context of medical malpractice, what is a “never event”? A) A medical condition that despite the best screening and technology cannot be detected. B) A pandemic that quickly spreads and infects many people. C) A medical error that should never occur. D) An event for which doctors and medical facilities cannot be held […]
Date: September 19th, 2020
Organized stock exchanges provide the benefits of a continuous market, fair security pricing, and helping businesses raise new capital. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Compensatory damages include A) general damages and special damages. B) special damages and punitive damages. C) punitive damages and general damages. D) general damages, special damages, and punitive damages. ANSWER Answer: A
Date: September 19th, 2020
Steve was involved in an auto accident. Both drivers were partially at fault for the accident. Steve’s actual damages were $50,000. He was judged to be 20 percent at fault. If Steve’s state has a contributory negligence law, how much will Steve collect? A) $0 B) $10,000 C) $25,000 D) $40,000 ANSWER Answer: […]
Date: September 19th, 2020
Trisha was injured when the delivery truck for a local furniture store struck her. The delivery driver claimed the brakes of the delivery truck failed, causing the accident. Trisha filed suit, and in her lawsuit named the delivery driver, the furniture store, the service station responsible for vehicle maintenance, and the manufacturer of the vehicle. […]
Date: September 19th, 2020
A person who enters or remains on the property with the occupant’s expressed or implied permission is called (a)n A) trespasser. B) resident agent. C) invitee. D) licensee. ANSWER Answer: C
Date: September 19th, 2020
Capital markets are all the financial institutions that help a business raise long-term capital. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
A legal wrong for which the law allows a remedy in the form of money damages is a A) crime. B) breach. C) misdemeanor. D) tort. ANSWER Answer: D
Date: September 19th, 2020
