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

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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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