Shareholder wealth maximization means A) maximizing dividends per share. B) maximizing stockholders equity. C) maximizing earnings per share. D) maximizing the price of existing common stock. ANSWER D
Date: September 19th, 2020
Louise was in a hurry and tried to cross the street in the middle of the block rather than at a street corner. A car struck her. Even though Louise placed herself in danger, she may still be able to collect for her injuries if the driver had an opportunity to avoid hitting her but […]
Date: September 19th, 2020
All of the following are examples of tort reform proposals EXCEPT A) modifying the collateral source rule. B) eliminating caps on noneconomic damages. C) regulation of attorney fees. D) imposing penalties to deter frivolous lawsuits. ANSWER Answer: B
Date: September 19th, 2020
Bruce believes a local manufacturer is responsible for contaminating some land he owns. He filed suit against the company. Rather than have the case go to court, the manufacturing company’s legal team suggested mediation or arbitration to settle the case. Methods that are employed to resolve legal disputes without litigation, such as mediation, are called […]
Date: September 19th, 2020
A defendant who is only slightly liable may be required to pay the full amount of damages under which of the following? A) the joint and several liability rule B) the collateral source rule C) arbitration D) res ipsa loquitor ANSWER Answer: A
Date: September 19th, 2020
Jan was injured in a work-related auto accident. She sued the other driver, and the case went to court. While questioning Jan, the defendant’s lawyer asked if her injuries and lost earnings were covered under workers compensation. Jan’s lawyer objected to the question. The judge ruled the question was improper and instructed the jury to […]
Date: September 19th, 2020
A homeowner was repairing the deck on the back of his home. He left power tools on the deck when he quit working for the day. A neighbor’s child saw the power tools. He came on to the deck, and started to play with a power saw. He cut off two of his fingers. A […]
Date: September 19th, 2020
Arguments in favor of reforming the civil justice system include which of the following? I. There is often a long delay in settling lawsuits. II. Compensation awards have decreased significantly over the past two decades. A) I only B) II only C) both I and II D) neither I nor II ANSWER Answer: […]
Date: September 19th, 2020
The doctrine of respondeat superior applies to a(n) A) parent’s liability for a negligent child. B) pet owner’s liability for the pet. C) employer’s liability for a negligent employee. D) manufacturer’s liability for a faulty product. ANSWER Answer: C
Date: September 19th, 2020
What is the intent of the family purpose doctrine? A) to impose liability on children for the care of elderly parents B) to impose liability on the owner of an automobile for the negligence of immediate family members operating the automobile C) to impose liability on a parent for any negligence caused by a child […]
Date: September 19th, 2020
