Tom Jones and Leonard Woodrock were deep-shaft coal miners in West Virginia, although Leonard lived across the border in Kentucky. Tom purchased a new Corsair, a National Motors car, from Pappy's Auto sales, a local firm in West Virginia. National Motors Corporation is a large auto manufacturer with its main factory in South Bend, Indiana, and incorporated in Kentucky. When Tom was driving
Leonard home from the mine, the Corsair's steering wheel inexplicably locked. The car hurtled down a 100-foot embankment and came to rest against a tree, just a mile from the mine, in West Virginia. The Corsair, which cost $21,000, was a total loss. Tom and Leonard suffered damages of $800,000 apiece for personal injuries. They wish to file suit under state tort law.
a. Tom could sue National Motors in federal court, but Leonard could not.
b. As long as Tom could sue National Motors in federal court, Leonard could join his suit and together they could sue the company in federal court.
c. Leonard could sue National Motors in federal court, but Tom would have to file suit in state court.
d. Neither Leonard nor Tom could sue National in federal court.
A
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When applying __________, the decision maker asks whether he or she can do better than a given reference point, but the value placed on outcomes depends on how far from the reference point they are
Fill in the blank with the appropriate word.
How has the World Bank approach to international development changed since its founding?
a. Loans are now provided interestfree and with longer payment schedules. b. Loans now focus on sustainability and local culture rather than solely on growth. c. Loans now stipulate that U.S. companies be placed in charge of all privatized industries. d. The organization no longer provides loans and only serves as an informal advisor to states.