Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A pedestrian suffered significant physical injuries when he was struck by a car while crossing a street at an intersection. The pedestrian sued the driver

A pedestrian suffered significant physical injuries when he was struck by a car while crossing a street at an intersection. The pedestrian sued the driver of the car for negligence, alleging that the accident was the drivers fault. The pedestrian needed $10,000 worth of medical care right away in order to be able to recover fully from the injuries. The pedestrian had a health insurance policy that covered $8,000 of the medical costs. The driver denied that he was negligent, but he had an auto insurance policy that would cover the incident if the driver was found to be liable. Without admitting liability, the auto insurance company decided to voluntarily pay $2,000 for the medical care needed by the pedestrian, figuring that just in case the driver wound up being held liable, it would be better to make sure the pedestrian got the necessary care so that the pedestrians injuries would not be worsened by the pedestrian not getting the care needed to recover from the injuries. At trial, the jury ruled in favor of the pedestrian, concluding that the accident was 100% the fault of the driver. The jury found that the accident had caused the pedestrian to experience $5,000 worth of pain and suffering in addition to the $10,000 cost of the pedestrians medical care. The case is governed by the tort law of a state that adheres to traditional common-law rules about collateral sources of compensation. What amount is the pedestrian entitled to collect from the drivers insurance company?

Group of answer choices

$13,000

$7,000

$5,000

$15,000

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

The Handbook Of Post Crisis Financial Modelling

Authors: Emmanuel Haven, Philip Molyneux, John Wilson, Sergei Fedotov, Meryem Duygun

1st Edition

1137494484, 978-1137494481

More Books

Students also viewed these Finance questions

Question

How would you describe a resource-based view of global business?

Answered: 1 week ago

Question

3. How short would a woman have to be to have Z = 1.25?

Answered: 1 week ago

Question

Calculate SE ( p ) for n=100 and the values of p given 16. p=.01

Answered: 1 week ago