Person A hired a guide for a rafting trip through a company LLC. She has signed a document which claims to release LLC from all the liabilities of the trip. The raft overturned into the river and unfortunately, person A died in that accident. Her son filed a case of negligence against the company, LLC. To find: The arguments in support and against the document signed by person A.

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Please provide the correct answer to this general accounting problem using accurate calculations.

Answer 1

Question

Chapter 12, Problem 8BCP

Summary Introduction

Case summary: Person A hired a guide for a rafting trip through a company LLC. She has signed a document which claims to release LLC from all the liabilities of the trip. The raft overturned into the river and unfortunately, person A died in that accident. Her son filed a case of negligence against the company, LLC.

To find: The arguments in support and against the document signed by person A.

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Answer 2

Question

Chapter 12, Problem 8BCP

Summary Introduction

Case summary: Person A hired a guide for a rafting trip through a company LLC. She has signed a document which claims to release LLC from all the liabilities of the trip. The raft overturned into the river and unfortunately, person A died in that accident. Her son filed a case of negligence against the company, LLC.

To find: The arguments in support and against the document signed by person A.

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Answer 3

Question

Chapter 12, Problem 8BCP

Summary Introduction

Case summary: Person A hired a guide for a rafting trip through a company LLC. She has signed a document which claims to release LLC from all the liabilities of the trip. The raft overturned into the river and unfortunately, person A died in that accident. Her son filed a case of negligence against the company, LLC.

To find: The arguments in support and against the document signed by person A.

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Answer 4

Question

Chapter 12, Problem 8BCP

Summary Introduction

Case summary: Person A hired a guide for a rafting trip through a company LLC. She has signed a document which claims to release LLC from all the liabilities of the trip. The raft overturned into the river and unfortunately, person A died in that accident. Her son filed a case of negligence against the company, LLC.

To find: The arguments in support and against the document signed by person A.

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Answer 5

Chapter 12, Problem 8BCP

Summary Introduction

Case summary: Person A hired a guide for a rafting trip through a company LLC. She has signed a document which claims to release LLC from all the liabilities of the trip. The raft overturned into the river and unfortunately, person A died in that accident. Her son filed a case of negligence against the company, LLC.

To find: The arguments in support and against the document signed by person A.

Answer 6

Chapter 12, Problem 8BCP

Summary Introduction

Case summary: Person A hired a guide for a rafting trip through a company LLC. She has signed a document which claims to release LLC from all the liabilities of the trip. The raft overturned into the river and unfortunately, person A died in that accident. Her son filed a case of negligence against the company, LLC.

To find: The arguments in support and against the document signed by person A.

Answer 7

Chapter 12, Problem 8BCP

Summary Introduction

Case summary: Person A hired a guide for a rafting trip through a company LLC. She has signed a document which claims to release LLC from all the liabilities of the trip. The raft overturned into the river and unfortunately, person A died in that accident. Her son filed a case of negligence against the company, LLC.

To find: The arguments in support and against the document signed by person A.

Answer 8

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Answer 9

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Answer 19

Ch. 12 - Prob. 1RE Ch. 12 - Prob. 2RE Ch. 12 - Prob. 3RE Ch. 12 - Prob. 1IS Ch. 12 - Prob. 2IS Ch. 12 - Prob. 1BS Ch. 12 - Prob. 2BS Ch. 12 - Prob. 3BCP Ch. 12 - Prob. 4BCP Ch. 12 - Prob. 5BCP

Solution Summary: The author explains that an exculpatory clause frees a person from liability for damage or injury. The company LLC was involved in adventurous sports of rafting.

Chapter 12 Solutions