Case Study -Exclusion of Liability Clauses

Ahmed finds his usual parking place on an empty piece of land has been blocked off. Instead, he goes for the first time to a car parking building. A notice just inside the entrance to the carpark states:

'The company will not be responsible for death, personal injury, damage to vehicles, or theft from them, due to any act or default of its employees or any other cause whatsoever.'

Ahmed receives a ticket when he enters the carpark which refers him to the contents of this notice.

When Ahmed returns to collect his car, he finds it has been stolen. He goes to report this to the carpark attendant and is injured when the attendant negligently allows the barrier to fall on Ahmed's head.

Advise Ahmed as to the following:

Question01: What kind of contract term is the notice?

Question 02: Has the notice been incorporated into the contract?

Question 03: What meaning will be given to the words used in the notice? What is rules does it cover its damage caused by negligence?

Question 04: What is the effect on the notice of the Consumer Rights Act 2015? What are the specific sections of the CRA 2015 which protect Ahmed?

Cross hedge ( Part 1 & 2) Part 1 (Warming up) It is the end of May 1997. A cottonseed meal producer in Georgia would have the information about the acreage committed to cotton, and his expected production of cottonseed meal is 1,000 tons. On May 28, 1997, cottonseed meal is trading at the price of $197 per ton in Atlanta. The producer expects cottonseed meal prices to be much lower by the end of October 1997. To protect himself against the falling price, the cottonseed meal crusher decides to cross hedge using soybean meal futures. The May 28 soybean meal futures closing price is $280.30 per ton (CBOT; 1 contract = 100 tons of soybean meal). (Caution: it is not soybeans futures.) The producer decides to place the cross hedge on May 28, 1997. To place the cross hedge, he needs to determine the number of soybean meal futures contracts necessary to offset 1,000 tons of cottonseed meal. The cottonseed meal producer knows the following information. The correlation between the price changes of cottonseed meal and soybeans meal (p) = 0.84. The standard deviation of the price change of cottonseed meal (Oas) = $7.2. The standard deviation of the price change of soybean meal (OAF) = $6.0. Question) Find out the optimal hedge ratio. Question) Compute the optimal number of futures contract. Question) Compute the measure of hedging effectiveness.ct Question 7 0 / 2 pts Use the following Total Tax / Annual Income relationship to determine which of the following would be used to calculated the Total Tax for an Annual Income of $58,900? Annual Income x $0. 10. 1f 50 5 Annual Income $ $9.525 $952. 50 + (Annual Income - 9,525) x 50.12, if $9,525