Andrew sold one thousand palm trees from a property he owned to Bob at the cost of
Question:
Andrew sold one thousand palm trees from a property he owned to Bob at the cost of $150 per tree. Andrew then sold the property to Cliff. Before Cliff moved onto the property, Bob entered the property and removed the trees. Unfortunately, Andrew did not have authority to sell the trees separately from the property, but sale of the property was appropriate and the transfer to Cliff was valid. Cliff sued Andrew and Bob for the value of the trees. Instead of asking for the $150 per tree that Andrew had received from Bob, Cliff asked for $300 per tree and presented evidence that it cost $300 per tree to have the trees replaced. Bob and Andrew opposed that cost as a measure of damages.
Choose the amount of damages that you think Cliff should recover.
Group of answer choices
a . $300,000
b. $100,000
c. $400,000
d. $150,000
Jared's taxicab was rendered undrivable when it was involved in a collision with a car negligently driven by Karen. The taxicab was valued at $15,000 at the time of the collision and at $10,000 immediately after the collision. Prior to the collision Jared averaged $200 per day in fares. The taxicab was in repair for ten working days.
Select the total amount of damages you believe Jared should recover in an action against Karen.
Group of answer choices
a. $5,000
b. $2,000
c. $15,000
d. $7,000
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill