Business Insurance Assignment – Finance
- Briefly define and provide a specific example of each of the following:
- Strict liability
- Imputed negligence
- Res ipsa loquitur
- Attractive nuisance
- There are several legal defenses that can be used by defendants who are accused of negligence. Discuss four of these and provide a hypothetical example of each.
- Briefly describe the standard of care to protect others from harm for each of the following liability situations:
- Property owners
- Owners and operators of automobiles
- Governmental units and charitable institutions
- Employers and employees
- Parents and children
- Owners of animals
- Martin asks hisfriend Michael to go to a supermarket and purchase some steaks for dinner. While driving Martin’s car to the supermarket, Michael failed to stop at a red light and seriously injured a pedestrian. Explain who is financially responsible for the injuries to the pedestrian as well as for the damage to Martin’s car.
- Locate and describe a liability case that relates to one of the types of liability discussed in #3 above. Be sure to include the key facts about the case, the year and location of the accident, the outcome of the case including any settlement award. As always, please provide a proper citation for your source.
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