Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Stewball, Tim's racehorse has won 3 of its last 4 weekly races. On the night before Stewball's 5 th race he appeared to be ill,

Stewball, Tim's racehorse has won 3 of its last 4 weekly races. On the night before Stewball's 5th race he appeared to be ill, so at 3 am Tim called Victor the regular vet for Tim's stable, who promised he would be there right away, but Victor fell asleep again and didn't make it. Tim withdrew the horse from the race. Later another vet discovered the horse had only been stung by a wasp and fit to race. Tim claims from Victor:

aReimbursement for the other vets' bill of $170.

bForfeited entry fee for withdrawing the horse of $400.

cLost prize winnings of $35,000 if Stewball had come first.

dLost bets of $35,000 if Tim had put $5,000 on at 7 to 1 as he usually did.

eLoss of Tim's reputation as a reliable race entrant, estimated by Tim at $20,000.

Victor admits that he should not have gone back to sleep and is willing to pay $10,000 to settle the issue, but Tim refuses to accept this and while the dispute is unsettled Tim will not allow Stewball to race. Each week as Stewball misses a race, Tim adds another $70,000 to his claim. How do you think these issues would be resolved?

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

Medical Law And Ethics

Authors: Jonathan Herring

9th Edition

0192856561, 978-0192856562

More Books

Students also viewed these Law questions

Question

Name a loss contingency that almost always is accrued.

Answered: 1 week ago