User Account

All Pages

Analyze thomas lawsuit against hydraplastic

Assignment Help Macroeconomics
Reference no: EM133300920

Assignment: With a "wingspan" of more than 7 feet, Dwayne Thomas played point guard for the Atlantis State basketball team for two years. At 6'8" and 220 pounds, the 19-year old Thomas was recently the #1 NBA draft pick, signing a $22 million two-year contract with the Atlantis Hawks, followed by two years of team options and fifth "qualifying offer" year. If all the options are exercised, this 5-year contract is projected to be worth $65 million over 5 years.
On September 14, two weeks before he was expected to report to his team's training camp, Thomas was working out in a local gym using a 75cm Hydraplastic exercise ball. While balancing on the ball and lifting 90-pound weights in each hand, the ball suddenly burst, and Thomas fell forcibly to the ground and suffered serious injuries, including a fractured forearm.As a result of his injuries, Thomas missed 4 months of his rookie season, and even with physical therapy, was unable to play without pain the entire season.Hydraplastic marketed the exercise ball as "made from burst-resistant, latex-free, vinyl which supports a maximum weight of 600 lbs. The burst-resistant quality of this exercise ball is possible because of the medical-grade resilient material it is made out of. Besides providing high performance and increased safety during use, if the exercise ball is punctured it will deflate slowly, protecting the user from harm."Thomas and the Hawks have sued Hydraplastic for $4,878,700 in lost wages (1/2 of his first year's salary) and $30 million in compensatory damages. During discovery, his attorney hired a lab to test 75 cm Hydraplastic balls. During testing, several of the 75 cm balls burst when supporting 400 pounds.

Instructions: Using the FIRAC model, analyze Thomas's lawsuit against Hydraplastic. Make sure that you address any claims he may have in his lawsuit against Hydraplastic.

Reference no: EM133300920

Questions Cloud

Research on expansionary monetary policy actions : Conduct research on the web regarding a recent U.S. Federal Reserve expansionary monetary policy action.Contractionary Monetary Policy Actions.
What attribution style is optimistic : hat attribution style favors stable and unstable attributions for negative outcomes? What attribution style is optimistic? Pessimistic or Hostile?
What should linkedin get involved in employment criteria : To what extent should LinkedIn get involved in the employment criteria of other companies in other countries?
Explain the difference between strategy and tactic : Using the context of Information Security Policies explain the difference between Strategy and Tactics.
Analyze thomas lawsuit against hydraplastic : Using the FIRAC model, analyze Thomas's lawsuit against Hydraplastic. Make sure that you address any claims he may have in his lawsuit against Hydraplastic.
Identify one agricultural product : Identify one agricultural product from one country produced for the end customer in Canada. I need explanation on CORN TOPIC.
What characteristics of an entrepreneur did rockefeller have : What strategies did you use to develop your businesses? What characteristics of an entrepreneur did Rockefeller have?
How ethical principles influence public policy issues : Summarize your understanding of how ethical principles and democratic values influence public policy issues.
Is this a natural progression for any company : The company referred to this decision as a "natural progression" for their business. Is this a natural progression for any company?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd