What is the tourists best claim against scrappy

Assignment Help Financial Management
Reference no: EM132061024

1. Brittany contacts Frank’s Furnace Company about fixing her furnace. Frank offers to fix the furnace for $1,200 and says he will come to the house to provide the service on May 3rd. Brittany says, “I accept your offer, but I need you to fix the furnace by May 2nd.” Frank does not reply, and does not come to fix the furnace. Brittany sues Frank. What result?

a. Brittany wins, because Frank breached.

b. Frank wins because there is no consideration

c. Frank wins.

d. Brittany wins, because Frank did not perform when he said he would.

2. All of the following are elements of negligence EXCEPT:

a. Duty

b. Breach

c. Damages

d. Causation

e. Intent

3. Scrappy’s Whale Watching Adventures is located on the Oregon coast. Scrappy takes tourists out to the Ocean to watch whales. One day, Scrappy knew that bad weather was anticipated, but his company could not afford to cancel trips, so he chose to take the tourists on the trip anyway. The tourists were trapped in the Ocean much longer than anticipated and some had to seek counseling due to the trauma of being on the board during the storm. What is the tourists’ best claim against Scrappy?

a. Negligence

b. Trespass

c. Assault

d. Defamation

4. Same facts as above. If Scrappy cancelled the tour and breached a contract with the tourists, what is his best defense?

a. He did not have capacity to drive the boat in poor weather conditions

b. Impracticability or Impossibility

c. To drive the boat in poor conditions would only be a result of undue influence.

d. Negligence

Reference no: EM132061024

Questions Cloud

The free cash flow method : What implicit assumptions are being made when we apply the Free Cash Flow method?
What is the minimum annual payment that you would accept : If you think that the present value of your care is $9k and the interest rate is 10%, what is the minimum annual payment that you would accept?
Contingent liabilities and contingent assets : How is a provision defined in AASB 137 Provisions, Contingent Liabilities and Contingent Assets?
Futures contract to hedge against interest rate risk : Describe how Choat and Sons Limited can use short sterling interest rate futures contract to hedge against interest rate risk.
What is the tourists best claim against scrappy : Scrappy’s Whale Watching Adventures is located on the Oregon coast. What is the tourists’ best claim against Scrappy?
Which was reasonable estimate of the damages : Which was a reasonable estimate of the damages that would likely be incurred by Robin in the event of the breach. These damages are called
Estimates of price under the assumption of zero growth : What are your estimates of price under the assumption of zero growth and constant indefinite growth at 8% per annum?
Jerry and kramer enter contract : Jerry and Kramer enter a contract for Jerry to buy Kramer’s pet rooster for $ 30. Can Kramer cancel the contract?
The after-tax cost of debt capital : You know that the after-tax cost of debt capital for Bubbles Champagne is 5.20 percent. What is the current price of the bonds if the coupon rate on those bonds

Reviews

Write a Review

Financial Management Questions & Answers

  Earn on its existing assets to maintain the value of stock

The WACC is the overall return the firm must earn on its existing assets to maintain the value of its stock.

  Sources of external funding available to corporation-equity

As you will learn from your reading, there are basically only two sources of external funding available to a corporation: equity and debt. Choose one of the following topics and present your analysis, which may include your personal opinions:

  Net income for tax purposes-taxable income-taxes payable

Calculate Jane’s 2016 Net Income For Tax Purposes, Taxable Income, Taxes Payable (Federal only) and Net Tax Owing or Recoverable (Federal only).

  What type of plan does a property manager implement

What type of plan does a property manager implement to manage renters who do NOT pay their rent in a timely way?

  What will be the approximate value of these exports

what will be the approximate value of these exports in 1 year in U.S. dollars given that the firm executes a forward hedge?

  Expected return and standard deviation of a portfolio

Suppose that a fund that tracks the S&P has mean E(RM) = 16% and standard deviation ?M = 10%, and suppose that the T-bill rate Rf = 8%. What is the expected return and standard deviation of a portfolio that has 50% of its wealth in the risk-free asse..

  What is jacobs present equivalent cost of leasing

At that time Jacob plans to replace the truck irrespective of whether it leases or buys. Jacob has a marginal tax rate of 40% and a MARR of 15%.

  Calculate the duration and convexity

Calculate the duration and convexity of a 10-year Treasury note with a 4% coupon, trading at 99:8. Use a 20 basis point shock for the calculation.

  What is the net operating income after raising the rents

What is the net operating income after raising the rents? What is the amount of the new mortgage?

  Financial planning service offers college savings program

A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $13,500 each, with the first payment occurring today, your child’s 12th birthday. What return is this investment offering?

  Liquidity and aturity risk premiums are zero

Assume that the expectations theory holds, and that liquidity and aturity risk premiums are zero, If the annual rate of interest on a 2year Treasury bond is 10.5% and the rate on a 1-yearTreasury ond that is issued today is 12% , What rate of interes..

  Cause differences in dividend payout across firms

Estimate the variables that cause differences in dividend payout across firms.

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