Reference no: EM133082053
Widget's, Inc., a fictional company, has a flourishing lawncare business. The business has two full-time employees who have been with the company for five years. All employees are trained on using the lawn equipment and have signed a waiver-of-liability contract limiting liability for the company. The owner, Brian, told his employees not to worry-that the company would protect them if they got hurt.
One employee, Lori, was on the job cutting a lawn. Lori was riding a mower, a Ferrari 2000, which was three years old and in good working condition. The step-up on the mower had writing on it with a warning sticker to replace the sandpaper liner for traction every three years due to normal wear and tear. It was replaced every three years. Lori stepped down off the rider, slipped because of moisture from the grass, and severed her pinky toe on the mower blade.
When she fell to the ground, the mower continued through the grass and proceeded by itself to cut and mulch a neighbor's prize roses. Peta, the neighbor, was preparing for a rose competition with a potential grand prize of $10,000.
Pursuant to contract law, is the waiver of liability legal and do Brian's verbal assurances become part of the contract? Why or why not?
Does Peta have a product liability case against the mower manufacturer Ferrari for a design defect, manufacturing defect, or failure-to-warn defect?
Does Lori have a claim for her injuries and can she recover pain and suffering damages or worker's compensation?
|
What is the market rate of substitution
: What is the market rate of substitution between good x (horizontal axis) and good y (vertical axis)?
|
|
Discuss the income and substitute effect of a price change
: Discuss the income and substitute effect of a price change according to indifference curve theory, use a diagram to motivate your answer
|
|
Equilibrium price and quantity in the market
: Suppose that the market for some good is competitive and the demand curve can be written as Qd= 200 - 4P and the supply curve can be written as Qs= 20 + 2P
|
|
Different between foundation ownership like carlsberg
: What is the different between Foundation ownership like Carlsberg, and controlling shareholder like normal shareholder structures?
|
|
Flourishing lawncare business
: Widget's, Inc., a fictional company, has a flourishing lawncare business. Does Lori have a claim for her injuries and can she recover pain and suffering damages
|
|
What is the amount of depreciation
: At the end of year 3, the market value is $25,850, and the book value is $21,850. What is the amount of depreciation through the end of year 3?
|
|
Calculate the percentage change in quantity demanded
: When the local grocery store puts peanut butter on sale, reducing its price from $4.30 per item to $3.50 per item, the quantity sold increases from 200 per week
|
|
Enterprise application software and value chain management
: Identify and examine at least three types and uses of Enterprise Application Software (EAS) in the management of a firm's value chain,
|
|
Level of knowledge of rationality increases
: Consider a model where two firms choose some variable q (firm 1 chooses q 1 and firm 2 chooses q2). Their reaction curves are R1(q2)=12 - 2q2, and R2(q1)=12 - 2
|