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Question - You have been assigned the following claim under a homeowners' policy. Review the details, then answer the questions below:
Your insured, James Parties, invited a number of friends over to his house for a pool party. One of his guests, Bob Bull, consumed a large quantity of alcohol and was visibly intoxicated, Bob ignored repeated warnings and pleas from James and other guests, to stop drinking. Bob was sitting atop a railing on a raised deck when he fell off, plummeting ten feet to the ground. The railing Bob was sitting on actually broke and that was the reason he fell.
He was seriously injured as a result of the fall, suffering fractured ribs and a fractured wrist.
a. Identify and define the branch of civil law that would accommodate Bob's claim against your insured James. Explain in detail, what Bob would have to prove to be successful in this claim.
b. Discuss how you would go about carrying out your investigation. What defenses would you consider?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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