Suppose you are in a contributory negligence state and you are the victim in an accident in which you are injured and you sustain $100,000 worth of damages in the form of medical bills and another $100,000 for loss of consortium. You sue the responsible party and a jury decides that you were 20% at fault and the defendant was 80% at fault. How much would you collect from the defendant in this state? A. $200,000 B. $160,000 C. $40,000 D. $0
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(1).Suppose you are in a contributory negligence state and you are the victim in an accident in which you are injured and you sustain $100,000 worth of damages in the form of medical bills and another $100,000 for loss of consortium. You sue the responsible party and a jury decides that you were 20% at fault and the defendant was 80% at fault. How much would you collect from the defendant in this state?
A. $200,000
B. $160,000
C. $40,000
D. $0
(2).Leah and Barrett are held jointly and severally liable for Abby’s injury. The court determines that Leah is 10% at fault while Barrett is 90% at fault. The medical expenses that Abby incurs amount to $5,000. Under the joint and several liability law, what is the maximum amount that Leah might be required to pay?
A. $500
B. $0
C. $5,000
D. $4,500
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- 29. Brenda filed suit against her insurance company for deceptive trade practices. She seeks $5,000 in damages; $12,000 for mental anguish; and $10,000 for attorney fees. Her insurance company countersues for slander and seeks $10,000. If the court awards both parties what they are asking, how much would Brenda receive in most jurisdictions? a. $10,000 ob. $17,000 OC. $28,000 Od. $30,000Imagine you are working for an insurance companies. An individual is calming 10,000$ worth of stolen objects on an insurance claim, but you suspect he may only as suffer a loss of 6,000$. You have the ability to offer a settlement. If accepted, the claim is close and the individual receives such payment. If rejected, a court will decide the payment is 6,000$ or 10,000$. If the individual really lost 10,000$, there is 60% chance the court will decide in his favor. If the individual only lost 6,000$, there is 60% chance the court will only grant him that amount. Propose a settlement amount that will allow you to figure out if the individual is lying or not. Between 7600 and 8400P incurs $8,000 of damages because of D's negligent handling of radioactive waste. The administrative costs of a trial would be $3,000 (all costs, for all parties and court). Which of the following statements is true? Assume a trial would give us the "correct" damage award. P's legal fees would be $1,000. O Social costs would be zero if P dropped the lawsuit against D. O P's threat value is $8.000 O Litigating this matter is inefficient unless the error costs are $3,000 or more. O Litigating this matter is inefficient because the costs definitely outweigh the benefit.
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