Hanke was the operator of an ice-resurfacing machine and was filling it with water when an explosion
Question:
Hanke was the operator of an ice-resurfacing machine and was filling it with water when an explosion injured him. The water tank and the gasoline tank were similar and located in close proximity and he made the mistake of filling the gasoline tank with water from a hose. When the water filled the tank, the gasoline escaped and an overhead heater ignited the resulting fumes. He sued the manufacturer and distributor of the machine for negligence. Explain the arguments available on both sides and the likely outcome including the calculation of damages, if appropriate. Would it make any difference to your answer to know that Hanke testified that the two tanks did not confuse him?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
This is a good case explaining how all elements of negligence m...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
During 2014, the Town of Falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. You are provided with the following...
-
During 2017, the Town of Falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. You are provided with the following...
-
During the current year, the Town of Falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. You are provided with the...
-
Suppose that, in an attempt to raise more revenue, Nowhere State University (NSU) increases its tuition. Will this necessarily result in more revenue? Under what conditions will revenue (a) rise, (b)...
-
Lancer, Inc., starts a subsidiary in a foreign country on January 1, 2012. The following account balances for the year ending December 31, 2013, are stated in kanquo (KQ), the local currency: Sales ....
-
Determine if the graph of x 2 + y 3 = 7 is symmetric with respect to the y-axis, the x-axis, the origin, or none of these.
-
Norman Eastwood owns and lives in a single-family home with his wife (the Property). The Property is located in the Willow Bend Lakes Community in Plano, Texas. The Willow Bend Lakes Community is...
-
The post-closing trial balance of Anderson Company at December 31, 2011, is shown here. During 2012, Anderson Company had the following transactions: a. Inventory purchases were $80,000, all on...
-
The Dorilane Company produces a set of wood patio furniture consisting of a table and four chairs. The company has enough customer demand to justify producing its full capacity of 2,000 sets per...
-
The Bayside Art Gallery is considering installing a video camera security system to reduce its insurance premiums. A diagram of the eight display rooms that Bayside uses for exhibitions is shown in...
-
A seven-year-old boy followed his dog into Mr. Howe's backyard. He fell into a large hole dug by Mr. Howe in preparation for a tree that had been ordered. The boy broke his arm in the fall. At the...
-
Is the reasonable person test appropriate for determining what standard of behaviour should be imposed in a negligence action? Would it be more appropriate to determine negligent conduct on the basis...
-
Write an inequality to describe the situation. 1. During a trading day, the price P of a stock is no less than $7.25 and no more than $7.75. 2. During a month, a person's weight w is greater than 180...
-
Craft and deliver a 5- to 12-minute presentation on one of the following. Use visuals to make your talk effective. 1. Persuade your supervisor to make a change that will benefit the organization. 2....
-
Craft and deliver a three- to five-minute presentation with PowerPoint slides or a Prezi on one of the following topics: 1. Explain how what youve learned in classes, in campus activities, or at work...
-
Answer the following descriptive questions. a. Explain the relationship between performance, objective, and constraints in design optimization. b. Explain the usage of a knockdown factor in...
-
Answer the following descriptive questions. a. In the interpolation of displacement of a finite element, \(u(x)=\sum N_{I}(x) u_{I}\), which one depends on time and which one depends on domain? b....
-
Calculate the natural frequencies of a uniaxial bar clamped at both ends. Use: (a) two, (b) three, and (c) four elements of equal length. Perform the analysis using both consistent mass matrix and...
-
A toy manufacturing uses 48000 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucks are assembled...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
What is the effect of the offeror stating in an offer that the offer will remain open for acceptance until a specific date? What can offerees do to protect themselves from the offer being revoked?
-
What risks are faced when a person offers to sell certain goods to A and then sells them to B? How can this problem be avoided?
-
Explain the two types of contracts that result from the tendering process.
-
13. (8%) (a) Give a regular expression defining the same language as the following context-free grammar: S Sa, Kaa, SKb, K Ka. (b) What is the language over the alphabet (a, b) defined by the...
-
7) What is the output of the following snippet of code? myDict = { 'George': 4, 'Jean': 2, 'Paul': 10, 'Andrew': 18, 'Jacob': 8} myDict['Steve'] = 12 to Remove = ['George', 'Paul', 'Jacob'] for elt...
-
Write a program to empirically determine the performance of two power functions implementations: Iterative implementation double iterative Power (double base, int exponent) { double retVal = 1.0; if...
Study smarter with the SolutionInn App