What is the underlying rationale for theory of liability

Assignment Help Financial Management
Reference no: EM132070463

Danny and Marion Kline were injured when a part of a fireworks display “went astray” and exploded near them. They sued Pyrodyne Corporation, the pyrotechnic company that was hired to set up and discharge the fireworks.

1. Could the Kline’s have brought an action based upon negligence?

2. Could the Kline’s have alleged another theory of liability based upon negligence? If so, what might that theory of liability be?

3. What is the underlying rationale for this theory of liability?

4. According to the textbook, another form of this theory of liability is products liability. The textbook suggests the rationale for this theory of liability differs from the rationale for the theory of liability that could be advanced by the Kline’s. What is the difference in this rationale?

Reference no: EM132070463

Questions Cloud

What are the biggest risks to the child : How would you convince both the patient's parents and the doctor that the manufacturing process was robust and to proceed in confidence with administration?
Hedge the current position with italy : Explain how Prime Emerald Inc. can hedge the current position with Italy.
What is your expected annual portfolio return : What is your expected annual portfolio return over your intended holding period?
Design a single table to hold all of the information : Consider a typical sales invoice that would include the following information. Design a single table to hold all of the information
What is the underlying rationale for theory of liability : Could the Kline’s have brought an action based upon negligence? What is the underlying rationale for this theory of liability?
What organizational practices would you modify : BUS520 : What organizational practices would you modify? What solutions should your task force recommend to management?
Red hills and cotton and lemon swampare : The assessment should be 1 full page, typed, double-spaced and conform to the formatting and content guidelines for the course.
How could wider implementation be facilitated : Consider how your identified technology tool might impact nursing practice if it were more widely used. What are some barriers preventing increased usage?
Which proposed rate offers the most attractive return : Calculate the EAR for the following stated interest rates and determine which proposed rate offers the most attractive return.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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