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Case Summary: The people D, S, B and a teenage boy were casted away in the sea on a lifeboat due to a storm. The only means of sustenance they had was two pounds of turnip which eventually got finished. So, D proposed to sacrifice one of the four persons on the boat for further sustenance, to which S agreed but B disagreed. The boy was ignored. The following day, D killed the boy who had become quite weak, and all three fed on him for survival until they were saved four days later by an ongoing boat. After being rescued, they were put to trial for the murder of the boy in England.
To Explain: The possibility of three survivors to be subjected to penalties as per English criminal law given their unique circumstances.
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Chapter 1 Solutions
EBK THE LEGAL ENVIRONMENT OF BUSINESS:
- help me to solve this questionsarrow_forwardThe standard cost of Wonder Walkers includes 3 units of direct materials at $9.00 per unit. During July, the company buys 40,000 units of direct materials at $8.25 and uses those materials to produce 15,000 units. Compute the total, price, and quantity variances for materials.arrow_forwardBranson paid $465,000 cash for all of the outstanding common stock of Wolfpack, Incorporated, on January 1, 2023. On that date, the subsidiary had a book value of $340,000 (common stock of $200,000 and retained earnings of $140,000), although various unrecorded royalty agreements (10-year remaining life) were assessed at a $100,000 fair value. Any remaining excess fair value was considered goodwill. In negotiating the acquisition price, Branson also promised to pay Wolfpack's former owners an additional $50,000 if Wolfpack's income exceeded $120,000 total over the first two years after the acquisition. At the acquisition date, Branson estimated the probability-adjusted present value of this contingent consideration at $35,000. On December 31, 2023, based on Wolfpack's earnings to date, Branson increased the value of the contingency to $40,000. During the subsequent two years, Wolfpack reported the following amounts for income and dividends: Dividends Declared Year Net Income $ 65,000…arrow_forward
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