Liability damages be paid for this accident

Assignment Help Business Economics
Reference no: EM13735896

Jake drove Amanda's truck to the football bowl game because his car was broken. On the way home, Jake was involved in an accident that was his fault. The resulting liability damages totaled $85,000. Jake has $100,000 liability coverage on his car, and Amanda has $50,000 on her truck. How would the $85,000 liability damages be paid for this accident?

a) $50,000 from Amanda's policy with no further payment

b) $85,000 from Jake's policy

c) $50,000 From Amanda's policy plus $35,000 from Jake's policy

d) $50,000 from Amanda's policy plus $35,000 out of Jake's pocket

e) $50,000 from Amanda's policy plus $35,000 out of Amanda's pocket.

Reference no: EM13735896

Questions Cloud

Identify the nature of the value of the network effect : Identify two of the beneficiaries of the secondary markets (of the multi-sided network effects) for Windows OS. And identify the nature of the value(s) of the network effect?
Describe what they are doing and state your opinion : In a 1-2 page paper, describe what they are doing and state your opinion on whether it is an effective tool in their marketing arsenal. Be sure to support your opinion
Charging for each checked baggage : Recently American Airlines started charging $15 for each checked baggage. Why did the company simply not charge $15 to $20 more per ticket, and quietly avoid this publicity? responses to this topic.
What are some of the unintended consequences of power : When is the use of power not acceptable. What are some of the unintended consequences of power
Liability damages be paid for this accident : Jake drove Amanda's truck to the football bowl game because his car was broken. On the way home, Jake was involved in an accident that was his fault. The resulting liability damages totaled $85,000. Jake has $100,000 liability coverage on his car, an..
How do heritability and environmentability differ : How do heritability and environmentability differ and what role does generation time have in the whole heritability issue?
Summary of a plan for at&t mobility : Write a one-to-two page summary of a plan for AT&T Mobility. Identify an area where AT&T can improve and why the change(s) would be beneficial to the organization. This document would be used internally within the company
Explain the nature of the colonies in jamestown in virginia : The nature, character, contrast and comparison between the colonies in Jamestown in Virginia, the Massachusetts Bay Colony, Plymouth in Massachusetts, and the establishment of Maryland.
Well as the vertical and the horizontal intercept : Suppose that Ellen has $I to spend on goods x and y: The price of good x is px and the price of good y is p y: Write down Ellen's budget line and draw it. Indicate the slope, as well as the vertical and the horizontal intercept.

Reviews

Write a Review

Business Economics Questions & Answers

  Equilibrium price level and the level of real output

What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output. Assume all other things remain constant.

  Closely associated with the latest also better goods

That term would be most closely associated with the latest also better goods also services also latest also better ways of producing

  Illustrate what are some of the downside risks

Illustrate what are some of the downside risks also potential problems involved when using fiscal policy.

  Economy were an open economy with a flexible exchange rate

If this economy were an open economy with a flexible exchange rate, would the usual crowding out forces be supplemented or offset by forces from the international sector

  How can a company expand its production

One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?

  Assume that the marketplace for sweaters is competitive

Assume that the marketplace for sweaters is perfectly competitive. The future value of a deposit in a savings account will be larger

  Negative ramifications for the united states

If this speculation proves to be reality could it put the brakes on rising living standards around the world as well as have negative ramifications for the United States?

  What monthly withdrawal can you make if you want the account

You decide to open a retirement account at your local bank that pays 7%/year/month (7% per year compounded monthly). For the next 20 years, you will deposit $500 per month into the account, with all deposits and withdrawals occurring at month’s end.

  Increase in confidence affect the value of the dollar

Elucidate how would this increase in confidence affect the value of the dollar. Elucidate how would it affect the trade deficit.

  Are you for or against free trade are you for or against na

Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..

  Compute the price elasticity of demand

one year later, the new class discovered that, at a price of 30 cents per can, the number of cans has fallen to 125 and two revenues are down. (A) Compute the price elasticity of demand in the first and second cases. (B) Explain what may have happ..

  What would joy advertising expenditure

What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve c) What would joy's advertising expenditure have to be to counteract this effect?

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