Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(20 points] Suppose the sunken barge in United States V. Carroll Towing Co. and its cargo are worth $100,000. Assume the probability the barge would

image text in transcribed
image text in transcribed
(20 points] Suppose the sunken barge in United States V. Carroll Towing Co. and its cargo are worth $100,000. Assume the probability the barge would break loose if the bargee isn't present equals 0.001. If the bargee is present, then the probability of the barge 's breaking loose is reduced to 0.0008. Paying the bargee to stay on the barge will cost the barge owner $25. If the barge owner does not expend this $25, is her behavior negligent under the Hand rule? Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Principles For Today's Commercial Environment

Authors: David P Twomey, Marianne M Jennings

2nd Edition

0324303947, 9780324303940

More Books

Students also viewed these Economics questions

Question

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

2. What we can learn from the past

Answered: 1 week ago