Discuss the liability of each party and the potential amount

Assignment Help Operation Management
Reference no: EM13229179

Upon graduation from college, Bob, Carol, Ted, and Alice formed Kotaku, LP, a limited partnership, to distribute video gaming software over the Internet. Bob and Carol each contributed $50,000 and became the general partners. Ted and Alice each contributed $25,000 and became the limited partners. Bob and Carol oversee the day to day management of the business. They hire designer, Nick, who develops their number one selling software program, Dawn of Ka. The company sends Nick as a representative to the annual Comic-Con convention in San Diego to promote their products. Nick rents a car to travel from the hotel to attend the convention and entertain potential clients. While there, Nick negligently causes a car accident and runs over a pedestrian, Ralph, who is seriously injured as a result. As a result, Ralph sues to recover damages and names Kotaku, LP, Bob, Carol, Ted, Alice, and Nick in the lawsuit. Discuss the liability of each party and the potential amount Ralph might recover from each.

Reference no: EM13229179

Questions Cloud

Is herzog a partner in the a1a car wash business : Fring had not agreed to give White and Pinkman authority to make such an agreement. Is Herzog a partner in the A1A car wash business?
What is the probability of running out of stock : Demand for an item is 100 units a week with a standard deviation of 10 units. Lead time is one week and the reorder level used is 115 units. What is the probability of running out of stock?
Determine the power output and the annual energy produce : A 1.2 MW wind turbine has a rotor diameter of 64 m. the turbine operates in an area with an average wind velocity of 7.5 m/s and the air density of 1.18 kg/m^3. the turbine power coefficient including the unit efficiency is 42.8 percent.
Explain what is the equilibrium concentration of no2 : 15.0 mL of 0.50 M HCl is added to a 100.-mL sample of 0.496 M HNO2 (Ka for HNO2 = 4.0 × 10-4). What is the equilibrium concentration of NO2- ions?
Discuss the liability of each party and the potential amount : As a result, Ralph sues to recover damages and names Kotaku, LP, Bob, Carol, Ted, Alice, and Nick in the lawsuit. Discuss the liability of each party and the potential amount Ralph might recover from each.
Why does the ucc allow for the buyer to sue for breach : Why does the UCC allow for the buyer to sue for breach of warranty? In your opinion, are the protections necessary? Why, or why not?
Compare and contract unsecured credit and secured credit : Compare and contract unsecured credit and secured credit, and explain the key differences.
What is the cost of the operation for 30 days : A 1.8-kW electric heater takes 15 min to boil a quantity of water. If this is done once a day and power costs 10 cents/kWh, what is the cost of its operation for 30 days
Explain what is the equilibrium concentration of no2 : 15.0 mL of 0.50 M HCl is added to a 100.-mL sample of 0.496 M HNO2 (Ka for HNO2 = 4.0 × 10-4). What is the equilibrium concentration of NO2- ions?

Reviews

Write a Review

Operation Management Questions & Answers

  How does national culture affect strategy

How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy

  Safety regulations require that the time between airplane

Safety regulations require that the time between airplane takeodds will be at lteast 3 minutes. When taking off, the run time of an airplance ont he runwy is 45 seconds.

  Is the supplier process under control

Using these data, set up a c-chart with z = 2. Suppose the next five rolls from the supplier had three, two, five, three, and seven irregularitiies. Is the supplier process under control?

  Eoq increase or decrease if estimates of setup

Does the EOQ increase or decrease if estimates of setup (order) costs include fixed, semi-variable, and pure variable costs while inventory-holding costs include only pure variable costs? Vice versa? What are the implications? Explain.

  Discuss advisability of modular assemblies in manufacturing

Discuss the advisability of using modular assemblies in manufacturing. (What are the advantages and disadvantages?) To what extent can these arguments be applied to service products?

  Describe effective diagnostic model at organization level

Describe an effective diagnostic model at the organization-level. Discuss its major inputs, outputs and strategic orientation. What is social media and what are some of the social media tools used by businesses?

  Use optimization theory to analyze

Use optimization theory to analyze the below statement and tell me whether-thinking as an economist-you would agree or disagree with them and why

  What is the equilibrium price and equilibrium quantity

What is the equilibrium price and equilibrium quantity? If a price of $40 occurs in the market, rather than the equilibrium price, would we have a surplus or a shortage? Of how many units?

  Prepare a product by value analysis

Prepare a product-by-value analysis for the following products, and given the position in its life cycle, identify the issues likely to confront the operations manager, and his or her possible actions.

  Determine the work backlog for each period

Given this information on planned and actual inputs for a service center, determine the work backlog for each period. The beginning backlog is 12 hours of work. The figures shown are standard hours of work.

  What is customer relationship management

What is Customer Relationship Management - CRM? Describe the four-step framework for one-to-one marketing that can be adapted to CRM marketing? Provide at least one or two examples. Aim for at least 250+ words to your post.

  What is the probability that the new machine project

The line contributes about $500 per hour to the firm's profit and overhead. What is the probability that the new machine project will meet the firm's NPV hurdle?

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