Reference no: EM131160934
QUESTION 1: Dunder Mufflin paper company now located in Oklahoma was having its annual holiday party in December. The party was held in the office and Dunder Mifflin provided the alcohol and refreshments. Meredith, a known alcoholic drank too much as expected. On the way home from the party, Meredith ran an innocent third party off of the road, who got badly injured. Meredith was uninsured so the victim sued Dunder Mifflin under the dram shop law. Dunder Mifflin responded in court that they were not liable under the dram shop law because they were not a dram shop but a social host, and therefore not liable to third parties. Dunder Mifflin's defense is valid.
True
False
QUESTION 2: A 70 year old woman named Bernice entered a liquor store with a 15 year old youth named Robert. The clerk could watch and hear all interactions between the two of them. Bernice asked Robert, "what kind of wine should we get?" Robert responded, "Merlot." Bernice retorted to Robert, "I'm more in the mood for white wine tonight, how about you?" Robert answered back, "You know I like red better but it's up to you." Bernice picked up the Merlot and proceeded to the register. Robert opened his wallet and handed Bernice a $20 bill. The clerk didn't know what to do so he asked for ID. Bernice handed him her ID and smiled. The clerk then asked for Robert's ID. Since Robert was 15 years old, he didn't have one. Bernice responded, "He doesn't need an ID, I'm the one buying the wine. Just take the money and give me my wine." If the clerk takes the money and let's Bernice and Robert leave with the wine, he will likely engage in illegal activity and risks lossing his license.
True
False
QUESTION 3: A habitual drunkard named John was visibly intoxicated and continued to get served at the Mead Hall. When John ran out of money and insulted a woman, the bartender threw him out. He got into his car and drove off the road and into a creek, subsequently drowning. The widow decided to sue Mead Hall under the dram shop laws. The widow may in fact be successful if she lives in which states?
Ohio
Mississippi
Colorado
South Carolina
Texas
Maryland
QUESTION 4: A business cannot purchase liquor liability insurance to cover dram shop liability.
True
False
QUESTION 5: When a bouncer is checking ID, they must check that there is no tampering or altercation; check that the photo matches the patron, hair, eyes, height, weight, and age. However, the bouncer may NOT query the would be patrons about their ID.
True
False
QUESTION 6: In a majority of states, dram shop laws are designed to protect innocent third parties and not the drunkard.
True
False
QUESTION 7: A bar cannot successfully defend themselves in court with the claim that the underage patron garnished an authentic looking identification card with a photograph apparently issued by a government entity and the bar had implemented a written policy requiring an ID.
True
False
QUESTION 8: There are no exceptions to state laws which allow for students under 21 years old to taste alcohol for academic purposes.
True
False
QUESTION 9: If a store sells alcohol to a known alcoholic or as they used to say in the old days, a habitual drunkard, the store risks losing its liquor license and may be liable for injuries caused by such a person.
True
False
QUESTION 10: Laws takes into consideration that alcohol effects differ greatly from person to person.
True
False
Demonstrate skills required to design an innovation system
: demonstrate the knowledge and skills required to design an innovation system for a small business.- demonstrate your ability to analyse the innovation system needs of a business,
|
Explain two insights or conclusions that you can draw
: Consider the range of positions included on the Early Childcare and Education Career Guide Web site. Looking only at the position titles and career areas (and not at the information provided on the links), explain two insights or conclusions that ..
|
Does the travel agent have in these circumstances
: Mary contracted with a travel agent for the purchase of a charter trip to England. The travel agent made the necessary arrangements with the charter company. What potential liability, if any, does the travel agent have in these circumstances
|
Present stock value of the company
: "Financial Managers should not focus on the present stock value of the company. Instead, they should focus on the profitability of the company. Doing so will result in increasing the value of the stock.
|
Can business purchase liquor liability insurance
: A business cannot purchase liquor liability insurance to cover dram shop liability. In a majority of states, dram shop laws are designed to protect innocent third parties and not the drunkard
|
Why do firms choose to cut or eliminate their dividends
: Part 1: Why do firms choose to make large increases in their dividends or start a stock repurchase program? Why would they choose one of these payout methods over another? Part 2: Why do firms choose to cut or eliminate their dividends? What usuall..
|
Show the monopolists choice of a price and quantity
: At the profit-maximizing quantity, what is the price elasticity of demand? If the spring were owned by a government that applied the marginal principle, what price would it charge?
|
Capital gains and dividend tax treatment extended
: Problem: The Jobs and Growth Tax Relief Reconciliation Act of 2003 changed the tax treatment of corporate dividends for most taxpayers. The result is noticeably higher dividend payouts by corporations today than prior to the passage of the 2003 le..
|
What is the irr of the investments gsb partners
: Assuming the $ 108.75$108.75million of invested capital is invested immediately, and all proceeds were received at the end of 1111years, what is the IRR of the investments GSB partners made? That is, compute the IRR ignoring all management fees.
|