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please help me find the answers to the questions in RED 7-2016 Law and Economics, 6th edition Robert Cooter Berkeley Law Thomas Ulen QUESTION 6.6:
please help me find the answers to the questions in RED
7-2016 Law and Economics, 6th edition Robert Cooter Berkeley Law Thomas Ulen QUESTION 6.6: Offer an economic explanation for why the owner of a dog is liable for the harm it causes due to his negligence, whereas the owner of a tiger is strictly liable for any harm that it causes. QUESTION 6.8: Assume that you park your car in a legal parking space on a corner, and a driver who comes around the corner too fast rams the bumper of his truck into your car, damaging your car but not his truck. A rule of no liability gives the driver of the truck the same incentives to avoid such accidents as the incentives given to you to park your car in a safe place under a rule of strict liability with perfect compensation. Explain why. QUESTION 6.9: Explain why the incentive problem in the previous question cannot be solved by a rule of strict liability with imperfect compensation (say. actual compensation equal to 50 percent of perfect compensation). QUESTION 6.21: "If the legal standard of care in a negligence rule is necessarily vague, the court should set it below the level of efficient precaution." Explain the economic argument in favor of this proposition. QUESTION 8.12: Doctors who form a partnership may say nothing in the partnership agreement concerning its future dissolution. The parties may deliberately avoid discussing dissolution for fear of breeding distrust. Provide some other examples of gaps left in contracts for strategic reasons. QUESTION 9.10: Construction company C and landlord _ negotiate to build an office building for occupancy on September 1. Landlord _ wants to sign up commercial renters to occupy the building on September 1. Unforeseeable causes often delay construction projects. C is willing to take this risk. C proposes a price of $10 million and a liquidation clause requiring C to pay _ $1,500 per day for completing the building late. You are a lawyer hired by _ to help on the contract. I tells you in private that he will actually lose $1,000 per day of delay, not $1,500 per day. How would you explain to _ that he might benefit from proposing to reduce liquidated damages from $1,500 to $1,000 per day?|Step by Step Solution
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