On a very rainy day, Cain was driving to work. The speed limit was 45mph. Cain w
ID: 457212 • Letter: O
Question
On a very rainy day, Cain was driving to work. The speed limit was 45mph. Cain was driving 45pmh, as a few were on the same road. However, a reasonable person would have been driving 25-30mph. Abel negligently rode his bike onto the road. Due to the speed Cain was driving, he could not stop and his car struck Abel. Abel suffered $500,000 in damages, which were caused 80% by Cain’s conduct and 20% by Abel’s conduct.
Based on the over all story from the top
34. What duty did Cain have to Abel?
a) No duty – Abel was not within the :zone of danger”
b) A duty of due care
c) A duty not to drive over 45mph
d) None of the above
36. If Cain was negligent, how much could Abel recover under a strict
contributory negligence rule?
a) 0
b) $500,000
c) $400,000
d) $100,000
37. If Cain was negligent, how much could Abel recover under a comparative negligence rule?
a) 0
b) $500,000
c) $400,000
d) $100,000
This question may/may not have multiple answers. For #50
50. Please identify a general partnerships disadvantages:
a) partners are required to pay tax on undistributed income.
b) As a practical (not theoretical) matter, there are limits on the number of owners.
c) Owners have unlimited liability.
d) May burdensome legal formalities.
e) All of the above
58. One model for resolving ethical dilemmas in business is the “front-page-of-the-newspaper test”. Under this test, if the answer to a certain question is “no” then the proposed action is unethical. Please identify the question below.
a) Would you want your spouse, children, and friends to read about your proposed action on the front page of the local newspaper?
b) Would you want stakeholders of your company to read about your proposed action on the front page of the local newspaper?
c) Would you want your ex-university instructors to read about you prosed action on the front page of the local newspaper?
c) Non of the above.
Explanation / Answer
34 b) a duty of due care
36 b) $5,00,000
Under this rule, if an injured party has contributed any negligence to an accident then he or she can not collect damages.
37. b)