Fact Pattern

Better Bean Quantifiers LLP ("BBQ") is an accounting firm in Vancouver. In December of 2019, BBQ decided to throw a

giant Christmas party at their offices. Food was served and BBQ paid for an open bar, where employees could drink as

much alcohol as they liked, without charge.

On the night of the party, Frankie, one of BBQ's junior accountants, became particularly intoxicated. When the party

concluded at 4:30 am, everyone headed home. Most of the employees had pre-arranged for a taxi to take them home or

have a friend or family member pick them up. However, Frankie, who had not planned to drink very much at the party,

did not arrange for a taxi. Samantha, one of the senior partners at BBQ, noticed Frankie stumbling towards his car in the

parking lot, and asked him if he felt comfortable driving home. Frankie replied, "Um.... yes, um...... no

problem.....ummm.... I got this!" Because the roads were quiet (it was 4:30 am), and Samantha knew that Frankie lived

only 2 kilometres from the office, Samantha decided not to provoke Frankie, so she hopped in a taxi to get home.

Samantha was extremely tired herself, and just wanted to get home and go to bed!

Frankie was well over the legal alcohol limit to drive. On the drive home, Frankie swerved into the oncoming lane of

traffic and was involved in a head-on collision with another driver, Alice. Alice suffered very serious injuries and was

rendered a quadriplegic. Frankie was 100% responsible for the accident - Frankie's swerving actions were so quick that

there was nothing that Alice, or anyone in her position, could have done to avoid the accident.

Alice brought a negligence claim against Frankie, but BBQ was also named in the lawsuit, as Alice alleged that BBQ was

also negligent on the night of the accident. The damages claimed by Alice are all of the normal and well-accepted

damages that someone involved in a similar accident can obtain. (Hint: the types of damages suffered by Alice are not an

issue in this assignment)

Question 1

Assess Alice's negligence claim against BBQ - was BBQ negligent on the night of the office party?

(Notes: (1) As a partner, Samantha's actions on the night of the party are to be considered, as she is acts on behalf of the firm, BBQ; (2) do NOT discuss the liability of Frankie or Samantha personally)

Question 2

BBQ's lawyers learn an interesting fact in the course of the lawsuit: Alice was also intoxicated (over the legal limit) at the time of the accident. What impact does this fact have on Alice's negligence claim against BBQ?

Question 3

BBQ's lawyers learn another interesting fact in the course of the lawsuit: Alice was not wearing her seatbelt at the time of the accident. What impact does this fact have on Alice's negligence claim against BBQ?

Question 4

BBQ's lawyers learn yet another interesting fact in the course of the lawsuit: Alice suffered from a rare bone disorder that made her bones particularly weak. The medical evidence shows that Alice, if she had not suffered from the bone disorder, would have likely still suffered injuries, but the injuries would not have been serious enough to render her quadriplegic. Does this fact, if BBQ is found to be negligent, affect the amount of damages that Alice is able to collect?

Which ofthe following is correct MM propostion in a world oftaxes is based on the assumption that corporate taxes are lower than personal taxes MM proposition in a world of taxes is based on the assumption that corporate taxes are equal to personal taxes When both corporate and personal taxes are considered. the value of the firm initially.I declines with de ht a n :21 then sta rts to increase. When both personal and corporate taxes are conside red.debt nancing no longer increases the value ofthe n'n When both personal and corporate taxes are considered. debt financing still increases rm value but to a lesser extent corn pared to when personal taxes are zero QUESTION 15 which of the following counts as US GDP? 50 Boeing 737 produced in Seattle and sold to Chinese airline Air China 5000 Focus produced by a Ford company in Beijing, China O 10,000 bottles of expensive wine imported from Northern Italy, Brescia, consumed in San Diego 5 million copies of Adele CDs produced in London, and purchased by US Adele fans QUESTION 16 As published by the BEA in September, the Nominal GDP for the second quarter of 2019 is and the real GDP growth rate the second quarter of 2019 is O $ 17.03 trillion, 3% O $ 21.34 trillion, 2.1% C $ 17.03 trillion, 1.2% O $ 19.25 trillion, 1.2%QUESTION 30 The rule of 70 states that O the number of years it takes an economy to double in size is the growth rate divided by 70. O the number of years it takes an economy to double in size is 70 divided by the growth rate. the number of years it takes an economy to double in size is the growth rate times 70. it takes an economy 70 years to double its real GDP QUESTION 31 Matt works only part-time due to the not so ideal economy situation in Connecticut, he is willing and activel time job even though he has a part-time job. In a normal calculation of U6, as measured by the BLS, Matt w Included in both the numerator and denominator Included in the denominator only O Included in the numerator only Not in Not included in either the numerator or denominator QUESTION 32QUESTION 23 An overheating economy is one where O A. Workers' job performance lags due to slow changes in technology. O B. Actual real GDP is below the full employment level of GDP. O C. The full employment level of GDP is almost equal to actual real GDP. OD. Actual real GDP is above the full employment level of GDP. QUESTION 24 The long-run aggregate supply curve is A. Upward sloping because of the effects of price level changes on real GDP. O B. The same as the short-run aggregate supply curve. O C. Vertical at the full-employment level of real GDP. O D. Horizontal at the full employment price level.Question 19 1 pts Use the following hypothetical data in TABLE 7 to calculate GNP. Note: Exports are negative 267, that is, there is a minus sign before 267. Enter your answer as a number only. That is, don't put any comma or period signs. TABLE 7 Billions of dollars Net Exports -267 Dividends 50 Capital Consumption Allowance 203 Government expenditures 377 Rents 260 Value of Intermediate goods 300 Indirect business taxes 155 Wages 900 Corporate Income taxes 95 Interest 160 Proprietor's income 132 Personal Consumption expenditure 1600 Undistributed corporate profits 85 Gross private domestic investment 330 NFFI 0