Question

In: Economics

There has been a substantial increase in recent years of the number of lawsuits over negligence....

There has been a substantial increase in recent years of the number of lawsuits over negligence. Do you think many of these truly pass the “Reasonable Person” doctrine or not? Is this a positive direction for the Unites States to be heading? Please provide examples from your own experience and/or current events.

Solutions

Expert Solution

No; most of these lawsuits don’t pass such doctrine.

The doctrine indicates hypothetically establishing a person who has average thinking ability of applying common sense and concept for any act. Based on such person’s thinking, most of the negligence lawsuits are vague and misleading the actual facts which could be observed through common sense. These are all those cases where defenders are trapped.

This is not at all a positive move; rather, a negative move. Based on the data of number of such lawsuits people may think that Americans are not caring, they neglect others; such thinking may create adverse situation in terms of business dealing, cultural exchange, etc.

Example:

“A” filed a suit against “B” that the latter didn’t take fire-preventive measure properly in his house and because of his negligence fire occurred that damages A’s house.   

The actual fact is different here based on the reasonable person’s thinking. A fire occurred and it damages B’s house first and then A’s house. Therefore, this is not a deliberate action of B; the person B must have taken preventive measure to stop spreading fire; in this way he can save his house as well. Therefore, there is no negligence from his part.


Related Solutions

Over the past 35 years, there has been a marked increase in both the flow and...
Over the past 35 years, there has been a marked increase in both the flow and stock of FDI in the world economy. Discuss why FDI has grown more rapidly than world trade and world output. Site examples when possible.
Why in recent years has there been an increase in cases of Powassan transmission? What changes...
Why in recent years has there been an increase in cases of Powassan transmission? What changes in the virus or vector have occurred? What are the symptoms of infection?
1. Baseball America has noticed the number of homeruns has been increasing in recent years in...
1. Baseball America has noticed the number of homeruns has been increasing in recent years in the MLB. They want to develop a 95% confidence interval that captures the true home run percentage. Home run percentage is defined as the number of home runs per 100 at bats. To do so, they randomly selected 64 current MLB players and calculated their homeruns per at bat for the previous year, and obtained a sample mean and sample standard deviation of 2.2...
Although the evidence is weak, there has been concern in recent years over possible health effects...
Although the evidence is weak, there has been concern in recent years over possible health effects from the magnetic fields generated by transmission lines. A typical high-voltage transmission line is 20 m off the ground and carries a current of 200 A. Estimate the magnetic field strength on the ground underneath such a line. What percentage of the earth’s magnetic field does this represent?
Explain the potential effects on the economic growth rate from a substantial increase in the number...
Explain the potential effects on the economic growth rate from a substantial increase in the number of skilled people of working age entering a country. use graphs
Several lawsuits have been filed recently over the discovery of inherited genetic information that was not...
Several lawsuits have been filed recently over the discovery of inherited genetic information that was not disclosed to family members. If your remember your disclosure rules from the Ethics lecture, you are NOT required to disclose your genetic information to anyone AND your doctor does not have permission to disclose it unless you give your permission. In 2018, a daughter discovered after giving birth that her father had Huntingtons disease but had never disclosed this to his family. She also...
In recent years there have been a number of major corporate collapses that have led to...
In recent years there have been a number of major corporate collapses that have led to criticism of the accounting profession. To what extent has the accounting profession been at fault in these situations? Explain. To what extent have other factors contributed? In your discussion refer to ethical issues.
Maria is an investor and over the years has acquired and disposed of a number of...
Maria is an investor and over the years has acquired and disposed of a number of assets. She has kept records of all these transactions. During the year ended 30 June 2020, Maria disposed of several assets. As a result of these disposals, she made a number of capital gains and losses: Profit on sale of trading stock $15000    Loss on Disposal of motor vehicle $(5000) Gain on Disposal of vacant block of land (acquired 1/9/19) $17000 Gain on...
During recent years, Micro Chips Corp. has enjoyed substantial economic profits derived from patents covering a...
During recent years, Micro Chips Corp. has enjoyed substantial economic profits derived from patents covering a widerange of inventions and innovations for microprocessors used in high-performance desktop computers. A recentintroduction, the Penultimate, has proven especially profitable. Market demand and marginal revenue relations forthe product are as follows: P  =  $5500 - $0.005Q MR =   ∂TR/∂Q = $5500 - $0.01Q Fixed costs are nil because research and development expenses have been fully amortized during previous periods. Average variable costs are constant at $4500 per...
The independency of the auditor has been seriously questioned in a number of investigations in recent...
The independency of the auditor has been seriously questioned in a number of investigations in recent years. Discuss relevant legislations, professional pronouncement and contemporary development which appear to go some way to give the auditor the independence required.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT