Result of non-negligent defect in instrument supplied

Assignment Help Business Economics

Reference no: EM131169537

An airplane crashes as the result of a non-negligent defect in an instrument supplied by A. The airplane was manufactured by B from various components, including the instrument from A, and is operated by C, an airline. What economic difference does it make, if any, whether A is liable for the damages resulting from the crash, or B or C?

Reference no: EM131169537

Questions Cloud

Real wage rate over the course of the business cycle : Explain why relatively flat as opposite relatively steep labor demand curves are more consistent with the empirical observation that there are relatively minor changes in the real wage rate over the course of the business cycle.

Clause contravenes strong public policy : AOL, LCC, mistakenly made public and personal information of 650,000 of its members. The members filed a suit, alleging violations of California law. California courts have declared in other cases that the AOL clause contravenes a strong public poli..

Eastman credit union with an initial deposit : On December 20, 1989, Dixon opened an account at the Eastman Credit Union with an initial deposit if $1000.00. On February 20, 1990, he deposited an additional $1000.00. If the credit union pays 12% interest compound monthly, how much will be in the ..

Tort system were deemed method of social insurance : If the tort system were deemed a method of social insurance rather than one of deterrence of uneconomical accidents, would awards in tort cases be on average higher or lower than under the deterrence rationale?

Result of non-negligent defect in instrument supplied : An airplane crashes as the result of a non-negligent defect in an instrument supplied by A. The airplane was manufactured by B from various components, including the instrument from A, and is operated by C, an airline. What economic difference does i..

What is on the bleeding edge : What is On the Bleeding Edge? Think about the way social media impacts your life as far as product marketing – online coupons, Groupons, email ads etc. What is on the bleeding edge of technology and how can your product use this idea to increase sale..

Demand or supply for real loanable funds : In the graphs below, show the shift in either demand or supply for real loanable funds by drawing in a new curve. Write short explanation of the change in the real risk free interest rate (Y-axis) and the real loanable funds per time period (X-axis).

Explain the meaning of future values vs present values : Explain the meaning of future values VS present values calculation in money and banking. Compute the future value of $5,000 deposited annually for 5 years, assuming a 10% annual interest rate compounded once a year. You may want to use the Excel func..

Discuss the importance of investment banks : What are an investment bank and what services it provides? Be sure to address the differences between the investment bank and the commercial bank and answer the question of who would use an investment bank. Also, discuss the importance of investment ..

User Account

All Pages