Question

In: Accounting

. Manuel takes his family to the Space Needle Restaurant for a special dinner celebration. He...

. Manuel takes his family to the Space Needle Restaurant for a special dinner celebration. He drives to the valet parking area, where the staff takes his keys and parks the car for Manuel. They give him a “claim check” for when the family is ready to pick up the car. The valet service costs $10. When Manuel and family have finished dinner, they present their claim check, but are informed that the car is missing – it must have been stolen! When Manuel complains, the valet points to the back of the claim check, where it is printed as follows: “Valet Parking is not responsible for theft or other loss of property.” Unfortunately, Manuel did have car insurance, but he had not noticed that the insurance policy had lapsed one week before this incident. If Manuel sues the Valet Parking Service for the value of his stolen vehicle, how should the judge rule?

a. The Valet Parking Service was legally responsible for returning the vehicle, under the legal doctrine of “bailment,” regardless of what the claim ticket said, so Manuel will win.

b. Manuel had a “license” to use the property – and the claim ticket clearly stated that the Valet Parking Service was not responsible for theft or other loss, so Manuel will lose.

c. Manuel had an “easement” to use the parking space – it is a temporary ownership interest in the parking space. Manuel should have gotten insurance. So Manuel will lose.

Solutions

Expert Solution

a) The Valet Parking Service was legally responsible for returning the vehicle, under the legal doctrine of “bailment,” regardless of what the claim ticket said, so Manuel will win.

What is bailment?

Bailment means the transfer of possession but not the ownership of the car for a limited or specific purpose. This means the bailor, or the valet service parking company will be responsible. In this case Mr. manual handed over the key to the staff of the parking service provider. So, the possession is handed in this case. That is why legally Valet parking service is responsible for the theft. And Mr. Manual will win.

Reason for b & c and wrong: b) if the valet parking service provider is not responsible for the theft, first they shouldn’t take the key with them. C) It is 100% not related to the Car’s insurance policy. But the valet service provider should have an insurance for his business for these kinds of losses happen. So it will not be a reason for the lose


Related Solutions

Problem1. James goes to restaurant for dinner. The items he orders are soup for $3.99, sandwich...
Problem1. James goes to restaurant for dinner. The items he orders are soup for $3.99, sandwich for $5.99 and a drink for $2.99, peach cobbler for $4.99. Calculate the subtotal, gratuity and total if the gratuity rate is 20%. Problem2. Write a program which reads in an integer from the user and then prints out the last digit of the number that is 4 times the value which the user entered. For example, if a user enters the number 52...
While eating dinner at a restaurant, Elvis placed his backpack on an empty chair located next...
While eating dinner at a restaurant, Elvis placed his backpack on an empty chair located next to his table. When Elvis left the restaurant, he forgot to pick up the backpack. A few minutes later, Priscilla discovered the backpack and took possession of it. What rights to the backpack do Elvis, Priscilla, and the restaurant have? Wilma, who thought she had a terminal disease, signed over the title to her new Cadillac to her cousin, Kenny, and told him that...
Jack has a restaurant in downtown Rochester, New York. He decided to expand his restaurant business...
Jack has a restaurant in downtown Rochester, New York. He decided to expand his restaurant business to the University of Rochester neighborhood. Jack contacted Cindy, who owns a building on Mt. Hope Ave., Rochester, New York. Mt. Hope Ave. is populated with businesses that service University of Rochester students. Jack offered to buy the building. Cindy had bought the building with her husband Mike thirty years earlier, as tenants by the entirety. Cindy used the building as a health food...
Eli is feeling disconnected to his friends and family. He doesn’t feel like he fits into...
Eli is feeling disconnected to his friends and family. He doesn’t feel like he fits into any groups and finds that he easily conforms to any group who will give him attention. From a social psychology perspective, how might we predict if he would be willing to join an extreme group like ISIS or a cult?
Geoff is the proud owner of a restaurant. He is interested in determining whether his Wagyu...
Geoff is the proud owner of a restaurant. He is interested in determining whether his Wagyu beef or Hiramasa kingfish sashimi should be marketed as the Geoff Special. Geoff has selected a random sample of 20 people to taste his Wagyu beef and give it a score out of 100. He also selected a different random sample of 20 people to taste his Hiramasa kingfish sashimi and give it a score out of 100. The sample mean score given to...
Lee saves most of his money from his paycheck; he forgoes restaurant meals, new clothes, and...
Lee saves most of his money from his paycheck; he forgoes restaurant meals, new clothes, and a new car, and he lives in a small one-bedroom apartment. He understands that his utility is low now. However, his ______________ will give him _____ utility in the future. A. planning; lower time-preference B. decision making; higher intertemporal C. decision making; lower intertemporal D. decision making; higher
Septimus was the seventh born child in his family; that is why he was called Septimus...
Septimus was the seventh born child in his family; that is why he was called Septimus - which comes from the Latin word for 'seventh.' Despite the fact he had a numerical name, Septimus hated Hip Hop artists because so many of them appeared to be named after numbers (eg 50 Cent). Because of his love of classical music, Septimus worked in the record indust1y as a company director for a recording company, My Masters Voice Ltd (or MMV Ltd)....
Martin Works as a delivery person for a local restaurant. His job requires that he use...
Martin Works as a delivery person for a local restaurant. His job requires that he use his own personal car to deliver food to customers' homes. During 2016, Martin drives 4,300 business miles. His employer reimburses him $0.35 a mile for each business mile. A.) Discuss the tax consequences of the $1,505 (4,300x$0.35) reimbursement Martin receives if his employer has an accountable reimbursement plan. B.) Same as part A., except that the employer has a non-accountable reimbursment plan. C.) What...
John is planning on taking his family on a planned vacation. He is going camping. Unfortunately,...
John is planning on taking his family on a planned vacation. He is going camping. Unfortunately, on the day he is scheduled to leave, his truck with the trailer hitch breaks down. The truck will require repairs that will prevent John and his family from going on the vacation, and he will lose his deposit. John calls you to ask if he can borrow your truck to take his trailer camping. As John is driving into the campsite he misjudges...
When Saul Garlick was a young boy, he traveled with his family to Delani, a rural...
When Saul Garlick was a young boy, he traveled with his family to Delani, a rural community in Mpumalanga, South Africa, and was shocked by the antiquated conditions and lack of schools in which the residents of the small village lived. He pledged to do something to help. When he was 18, Garlick launched a nonprofit organization, Student Movement for Real Change (SMRC), and raised $10,000 to build a school in Delani. Over the next few years, Garlick’s vision for...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT