Write short essay defending cansco

Assignment Help Financial Management
Reference no: EM132533785

A water pipe burst in the basement of Superfast, a grocery store, flooding the basement and damaging cases of canned goods on the floor. The plumbing contractor's workmen, in repairing the leak, knocked over several stacks of canned goods in cases, denting the cans. After cleaning up, Superfast put the goods on special sale.

Four weeks later Susan was shopping in Superfast. Several tables in the market were covered with assorted canned goods, all of which were dirty and dented. A sign on each of the tables read: "Damaged Cans - Half Price."

Susan was having Guest for dinner that evening and purchased dented two cans of chicken, packed by Cansco, from one of the tables displaying the damaged cans. Before Guest arrived, Susan prepared a chicken pot pie which she and Guest ate. Both became ill and the medical testimony established that the illness was caused by the chicken being unfit for human consumption. The cans of chicken consumed by Susan and Guest came from the case that was at the top of one of the stacks knocked over by the workmen.

Susan asserts a claim against Cansco based on negligence, what results? Although Guest may have a case against Superfast, and the plumbing workmen may have some responsibility, you are only to discuss Susan's claim against Cansco. What are the defenses which Cansco may raise?

Find three cases that support Cansco's defense in this case. Write a short essay defending Cansco. Cite to your supporting cases by comparing and contrasting the similarities and/or differences between those cases and Cansco's case.

Reference no: EM132533785

Questions Cloud

What is the return on investment for the iHybrid division : Assuming that Innovating Motors defines investment as average assets during the period, what is the return on investment for the iHybrid division
Calculate the amortization expense : The patent cost $21,000. The patent has life of twenty years, but Calico only expects to be able to sell drug for fifteen years. Calculate amortization expense
Third-degree burns was excessive : Do you believe that the jury's award of $2.7 millions for third-degree burns was excessive?
How much is the gain for the equipment sale entry : Adelphi uses the double declining method for depreciation. Using this information, how much is the gain or (loss) for the equipment sale entry
Write short essay defending cansco : Find three cases that support Cansco's defense in this case. Write a short essay defending Cansco.
Estimate the amount of inventory destroyed in the flood : Sales for the month of August were $543,200. Assuming the company's typical gross profit ratio is 40%, estimate the amount of inventory destroyed in the flood
Study on use of information technology : Design research proposals in terms of methodology and approach - practical skills to administer a range of research techniques particularly in relation to data
What is the amount of the cost of goods sold for sale : August 2 - 16 units were purchased at $7 per unit. August 29 - 18 units were sold. What is the amount of the cost of goods sold for this sale
Readability sounds like fairly subjective term : Readability sounds like a fairly subjective term. What are some of the guidelines offered in the text to help readability?

Reviews

Write a Review

Financial Management Questions & Answers

  What is the forward rate of interest for the second year

What is the forward rate of interest for the second year?

  How much should plate measure its inventory in balance sheet

How much should Plate measure its inventory in its balance sheet?

  What is the required rate of return on portfolio consisting

You have observed the following returns over time: Year Stock X Stock Y Market 2009 12% 11% 10% 2010 19 5 9 2011 -15 -8 -12 2012 5 1 1 2013 20 13 13. What is the beta of Stock Y? What is the required rate of return on Stock Y? What is the required ra..

  Thinking of buying a stock priced

You are thinking of buying a stock priced at $100 per share. Assume that the risk-free rate is about 4.5% and the market risk premium is 6%. If you think that stock will rise to $117 per share by the end of the year, at which time it will pay a $1 di..

  Did the change in exchange rate hurt or help the investor

A year ago the Euro was trading for 1.357 USD per Euro. Today the Euro is trading at 1.125 USD per Euro. if a German investor bought an ounce of gold a year ago for $1300 and sold it today for $1200 how many Euros would he have today? Did the change ..

  What is required external financing over next year

The 2017 financial statements for Growth Industries are presented below. What is the required external financing over the next year?

  Describe the risk structure of the interest rates

Describe the risk structure of the interest rates. Describe the classical theory of interest rate determination Compare and contrast the expectations theory and the liquidity premium theory of the term structure of interest rates.

  Approach their work with a degree of skepticism

Should financial analysts approach their work with a degree of skepticism – why or why not?

  What should be the price of the stock to the public

What should be the price of the stock to the public? what should be the price of the stock to the public?

  Cash flows at the end of each period

Assume an interest rate of 10% and cash flows at the end of each period.

  Find the budgetary comparison schedules for general fund

Find the budgetary comparison schedules for the general fund. Using them, what were the estimate revenues and appropriations for the most recent fiscal year?

  Computing bond price on a non-coupon date

Consider bond paying coupon rate of 10% per year semiannually when the market interest rate is only 4% per half-year. Find the bond's price today.

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