List and discuss the elements necessary to establish negligence
For there to be a successful lawsuit for negligence, five elements must be established: duty of due care, breach, factual cause, proximate cause, and damages. Duty is the responsibility to use reasonable care not to injure others around you. If the defendant could foresee that his misconduct would injure a certain person, he has a duty to that person. Normally, there is no duty to avoid the injury of others through nonconduct, unless there is a special relationship. Breach is conduct that fails to meet the standard of reasonable care imposed if there is a duty to the injured party. Factual cause requires that the defendant's conduct, at least in part, actually caused the injury. Proximate cause requires that the risk of harm was reasonably foreseeable and not so remote or bizarre that a reasonable person would never have expected it to happen. And finally, Damages: the plaintiff must have actually been hurt or has actually suffered a measurable loss. The injury must be genuine, not speculative.
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The fact that it will require such a large capital investment to start a new casino is an example of
A. high bargaining power of customers. B. low threat of new entrants. C. high threat of new entrants. D. many substitute products. E. low bargaining power of customers.
When two friends decide to open a florist and gift shop, and they agree to share all work, debts, and profits equally, the friends have created a(n):
A) limited partnership. B) general partnership. C) corporation. D) S corporation.