Question
Identify the groups of people who financially gain or suffer in the following financial transactions: a. Bigstuff Corporation uses a technical loophole to avoid paying
Identify the groups of people who financially gain or suffer in the following financial transactions:
a. Bigstuff Corporation uses a technical loophole to avoid paying $2,500,000 in real estate taxes to the county government.
b. Dangerous Products, Inc., unexpectedly loses a $20,000,000 lawsuit for punitive damages for selling faulty snow angels to the City of West Rochester. Assume that Dangerous Products, Inc., is uninsured and that the city retained the prestigious local law firm of Gopher, Thummuny, & Runn.
c. Through a technical error, Creditor Corporation permanently loses track of the fact that it is owed $1,000,000 by Debtor Corporation.
d. U.S. Senator Barrelpork slips in a provision to a bill that passes and grants $9,000,000 to the Town Government of Herbanna for a particular project.
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