Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rakwon (member of the Wu-Tang Clan) was the owner and chef of a well-known Jamaican food restaurant in Manhattan called Mo Fire. On May 8,

Rakwon (member of the Wu-Tang Clan) was the owner and chef of a well-known Jamaican food restaurant in Manhattan called "Mo Fire". On May 8, 2017, Raekwon sold his restaurant for $1,500,000 to Restaurant Brands International, who were looking to break into the Jamaican food market. The contract stated that Restaurant Foods International would continue to operate the restaurant under the name "Mo Fire". The contract further stated that Raekwon would not open a competing restaurant (1) within the borough of Manhattan for four years and (2) anywhere within the State of New York for two years. On July 1, 2019, Restaurant Brands International discovered that Raekwon had opened two new restaurants. One of the restaurants is located only three blocks away from "Mo Fire". The second restaurant is located in Plattsburgh, New York, over 300 miles away from Manhattan.

a.Would Restaurant Brands International be successful in a lawsuit against Raekwon regarding the restaurant located in Manhattan? Discuss fully.

b.Would Restaurant Brands International be successful in a lawsuit against Raekwon regarding the restaurant located in Plattsburgh, New York? Discuss fully.

c.In either case, what remedies would be available to Restaurant Brands International?

#2 - Up, Up and Away to the Hospital

Thad Anderson was injured while waiting in line for a hot air balloon ride. Anderson was struck by the balloon's basket when one of the balloon's tether lines snapped, causing the balloon to move toward the spectators waiting in line. Anderson had signed a liability waiver (also known as an exculpatory clause) that provided as follows:

I expressly, willingly, and voluntarily assume full responsibility for all risks of any and every kind involved with or arising from my participation in hot air balloon activities with Company whether during flight preparation, take-off, flight, landing, travel to or from the take-off or landing areas, or otherwise.

Without limiting the generality of the foregoing, I hereby irrevocably release Company, its employees, agents, representatives, contractors, subcontractors, successors, heirs, assigns, affiliates, and legal representatives (the "Released Parties") from, and hold them harmless for, all claims, rights, demands or causes of action whether known or unknown, suspected or unsuspected, arising out of the ballooning activities...

Should the waiver be enforceable against the Company?Discuss fully.In your analysis, you might want to consider whether the waiver was:(1)overly broad, (2)presented on a take it or leave it basis with noopportunity for the signer to negotiate the terms, and (3) within the contemplation of the parties (in other words, is it something that the signer of the agreement might have considered as something that might potentially occur).

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
As a short term investor, you trade several times a week on an investment account, and rarely hold a stock more than 1 month. Which valuation approach should you use? Relative valuation Fundamental valuation Payback period Option pricing theory Question 4 (5 points) relates the value of an asset to the present value of expected future cashflows on that asset. (A) Relative valuation O B) Fundamental valuation ( C) Contingent claim valuation ( D) All of the above O E) None of the abovepler 20 0:00 Time Left:0:49:23 Savannah Melder: Attempt 2 neither sticky wage theory nor sticky price theory 3 Question 4 (1 point) Saved 6 The misperceptions theory of the short-run aggregate supply curve says that if the actual price level has is lower than people expected, then some firms believe that the relative price of what they produce decreased, so they increase production. decreased, so they decrease production. increased, so they increase production. increased, so they decrease production. Question 5 (1 point) Saved ALL. LICA N 9 aQuestion 33 (1 point) What is the variable that balances the money demand and supply in the liquidity-preference and the classical theories? the price level in the liquidity-preference theory and the interest rate in the classical theory O the interest rate in both theories O the price level in both theories O the interest rate in the liquidity-preference theory and the price level in the classical theory Question 34 (1 point) According to liquidity-preference theory, if the price level increases, how do the equilibrium interest rate and the aggregate quantity of goods change? The interest rate and the quantity demanded fall. The interest rate and the quantity demanded rise. The interest rate falls and the quantity demanded rises. The interest rate rises and the quantity demanded falls. Question 35 (1 point) According to liquidity preference theory, when do people demand fewer goods and services? when the price level or interest rate decrease when the price level or interest rate increase when the price level increases or the interest rate decreases when the price level decreases or the interest rate increases Question 36 (1 point) In the short run, a decrease in the money supply causes interest rates and aggregate demand to do what? It causes interest rates to increase and aggregate demand to shift right. O It causes interest rates to increase and aggregate demand to shift left. O It causes interest rates to decrease and aggregate demand to shift right. It causes interest rates to decrease and aggregate demand to shift left.Question 67 (1 point) The theory that at any point in time, a stock's price reflects all available information is known as: market portfolio theory odd lot theory efficient market hypothesis random walk theory Page 67 of 1Refer to the figure at right. The consumer chooses A on budget line I, and B on budget line ly. Which of the following statements is NOT true? O A. C is preferred to A. O B. B is preferred to C. O C. A is preferred to B. O D. All of the statements are correct. A Clothing, C (units per week) B D 12 Food, F (units per week)

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 Routledge To Global Political Economy Conversations And Inquiries

Authors: Ernesto Vivares

1st Edition

1351064525, 9781351064521

More Books

Students also viewed these Economics questions

Question

Differentiate the function. r(z) = 2-8 - 21/2 r'(z) =

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago

Question

Mortality rate

Answered: 1 week ago