Appropriately secured her airplane with tie-down ropes

Assignment Help Financial Management
Reference no: EM131608075

Summer flew her airplane to the Shelby, NC airport where she rented a tie-down space at the airport and appropriately secured her airplane with the tie-down ropes provided. She kept the keys to her airplane with her. She informed airport personnel someone, besides her, may come by and take the airplane on a flight.

In the next couple of days, airport personnel discovered a thunderstorm with strong winds heading towards the airport. Airport personnel checked the tie-downs on Summer’s airplane and found them to be secure. There was also no available hanger space to move the airplane inside.

After the storm had passed, airport personnel checked Summer’s airplane and found there to be extensive damage due to the high winds. Sometime later, Summer came in to find her airplane to be damaged and unable to be flown. Summer filed a lawsuit against the airport to recover damages to the airplane. She claimed there was a bailment relationship with her and the airport when she parked her airplane.

Did a bailment relationship exist? Why or Why not?

Reference no: EM131608075

Questions Cloud

Purpose of evaluation in performance technology : What is the purpose of evaluation in performance technology? Briefly explain the four types of evaluation commonly employed in performance evaluation.
What will be the new portfolio beta : What will be the new portfolio beta if you keep 87 percent of your money in the old portfolio and 13 percent in a stock with a beta of 0.91?
Epidemiology studies impact interventions : This is no longer anything new in healthcare. Observational studies are one of the studies of risk factors to disease due to that is would be dangerous.
Significant organizational impact : Briefly discuss on major area where social media has had a significant organizational impact.
Appropriately secured her airplane with tie-down ropes : Summer flew her airplane to Shelby, NC airport where she rented tie-down space at airport and appropriately secured her airplane with tie-down ropes provided.
Formulate a pseudocode algorithm : Obtain two numbers from the keyboard, compute their sum and display the result.
Contribute to issues related to their work role : Are there policies to ensure that employees have the opportunity to contribute to issues related to their work role?
Comment the discussion : There are characteristics that can increase the likelihood of receiving a disease diagnosis.
Work responsibilities to all co-workers : Are there policies and procedures in place that ensure strategies and processes communicate information associated with the achievement of work responsibilities

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

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