Given the following conditions, estimate and compare your thoughts on expected costs and time associated with...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Given the following conditions, estimate and compare your thoughts on expected costs and time associated with arbitrating or litigating the case involving: In other words, how much would it cost to arbitrate versus handling the following scenario through a court process. How many dollars and how many months/years? A case involving a dispute over $2,000,000 claimed to cover removal of the cyanide soil mentioned in an earlier assignment . Both owner and contractor will use lawyers . Depositions will not be needed in arbitration, but will be needed for 45 witnesses in litigation . All of the witnesses will testify in both arbitration and litigation . The arbitration will use one arbitrator Assume a court trial will take two weeks and an arbitration will take 3 full days • Assume costs for lawyers, employees, expert witnesses per hour ($100 to $500/hour) • Costs are also involved for a court reporter in all depositions at $100/hour Given the following conditions, estimate and compare your thoughts on expected costs and time associated with arbitrating or litigating the case involving: In other words, how much would it cost to arbitrate versus handling the following scenario through a court process. How many dollars and how many months/years? A case involving a dispute over $2,000,000 claimed to cover removal of the cyanide soil mentioned in an earlier assignment . Both owner and contractor will use lawyers . Depositions will not be needed in arbitration, but will be needed for 45 witnesses in litigation . All of the witnesses will testify in both arbitration and litigation . The arbitration will use one arbitrator Assume a court trial will take two weeks and an arbitration will take 3 full days • Assume costs for lawyers, employees, expert witnesses per hour ($100 to $500/hour) • Costs are also involved for a court reporter in all depositions at $100/hour
Expert Answer:
Answer rating: 100% (QA)
The cost to arbitrate this case would be 2000000 500000 for lawyers ... View the full answer
Related Book For
University Physics with Modern Physics
ISBN: 978-0321501219
12th Edition
Authors: Hugh D. Young, Roger A. Freedman, Lewis Ford
Posted Date:
Students also viewed these accounting questions
-
How much would it cost to paper the entire United States (including Alaska and Hawaii) with dollar hills? What would be the cost to each person in the United States?
-
How much would it cost you to insure the bonds of Backwoods Chemical against default?
-
Case 1: In a business, the contribution margin per unit of its product is $10, variable cost per unit is $15 and the break-even point is 13,700 units.Based on the above, what are the fixed costs...
-
Modesto Trading Berhad has recently appointed Messrs. Suresh Kumar & Co., Chartered Accountants, to audit the companys financial statements for the year ended 30 June 2021. You are assigned by...
-
3x > 9 Describe the solution set as an inequality, in interval notation, and on a graph.
-
The inventory and sales data for this year for G. Rabbit Company are as follows: Required Using the above data from G. Rabbit Company, compute the following: a. The accounts receivable turnover in...
-
What is the difference between a predator and a situational (accidental) fraudster?
-
Grenoble Enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for May, June, and July are $70,000, $80,000, and $100,000, respectively. The firm has a cash balance of $5,000...
-
Levinn's utility function is expressed as the following: U= C1 C2 0.3 where C1 is his first period consumption and C2 is his second period consumption. His income in the first period is $2500 and...
-
Lakey International is a foreign corporation that maintains its books of record in foreign currency (FC), although its functional currency is the U.S. dollar. Lakey originally began operations on...
-
Determine the price of a five-year 5% coupon treasury bond, sold to yield 6%. Assume a flat yield curve. FV = 1000 N = 5 PMT = 50 I/Y=6 PV=2 2. You buy the treasury bond for the price calculated...
-
How exactly does an object submerged in liquid "displace" a volume of fluid? Explain.
-
Steep Slopes Development Inc. purchased a property (land and building) for $1,135,000 five years ago. The building is expected tohave a useful life of 25 years, after which it will be have a salvage...
-
A manufacturer purchases components A and B from a supplier on a regular basis for $50 per unit. The annual demand for components A and B is 5000 and 2500 units, respectively. A fixed cost of $100,...
-
Bubba owns Bubba's Big Burritos (BBB) and works there every day as well. BBB is an S corporation and Bubba receives a W-2 and a K-1 every year. This year, Bubba sold the business to another company,...
-
One hundred (100) shares of treasury stock that cost $12 per share are sold for $15 per share. How is this sale of treasury cost presented in the Statement of Cash Flows when the indirect method is...
-
In at least 150 words and from your own perspective, describe how the main points in quality of care will help you achieve a successful culture change in your facility. Reflect on how it has related...
-
The purpose of this case is to come up with a contingency plan[s] in order to sustain the program Move With Me, a program that serves thousands of community members throughout Lower Manhattan. The...
-
A small sphere with a mass of 0.002 g and carrying a charge of 5.00 X 10-8 C hangs from a thread near a very large, charged conducting sheet, as shown in Fig. The charge density on the sheet is 2.50...
-
A boulder of weight w rests on a hillside that rises at a constant angle a above the horizontal, as shown in Fig. 1.42. Its weight is a force on the boulder that has direction vertically downward....
-
For the vectors A and b in Fig 1.3, (a) Find the magnitude and direction of the vector product A X D; (b) Find the magnitude and direction of D X A.
-
Describe a job in which you think an employee recognition program might be an effective means for changing and improving employee behaviour. Explain how you would design the program and how you would...
-
Describe a situation in which you think an employer could use organizational behaviour modification and an employee recognition program to improve or correct employee behaviour. Can you anticipate...
-
A supervisor in a textile factory observes that one of her employees is violating a safety rule that could result in severe injury. What combination of reinforcement, punishment, and extinction could...
Study smarter with the SolutionInn App