A proposed project has a negative NPV if it is financed entirely by equity. If the project can sensibly be financed partly by debt and the firm pays tax using debt will increase the NPV.
Equity in the financial context refers to ownership of assets with underlying obligations such as liabilities. For accounting purposes, equity is calculated by deducting liabilities from the value of assets.
Since this asset class was regulated by the equity legislation that was introduced in England in the late Middle Ages to meet the growing demands of commerce, it is called in English. is "equity". Equity courts deal with contractual rights to property, while common law courts initially deal with title issues.
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for years, some foreign firms hesitated to send women managers on foreign assignments to countries, such as , because the firms assumed the women would not be accepted in the culture that frowned on women working outside the home. a. canada b. england c. australia d. japan
The correct answer is option D that is for years, some foreign firms hesitated to send women managers on foreign assignments to countries, such as, Japan.
This was because the firms assumed the women would not be accepted in the culture that frowned on women working outside the home.
A deeper failure to eradicate or even fight a discriminatory culture that makes it practically impossible for women to progress a profession while raising a family is concealed by Japan's narrowly construed success in integrating women into the workforce.
With a bipolarization of working hours among female employees, the gender difference in Japan's workplace is still clearly visible, casting a fresh shadow over the country's economy's faltering expansion. Women are increasingly making up the workforce in Japan as a whole.
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direct foreign investment is perceived by foreign governments to: a. be a cause of national problems. b. be a remedy for national problems. c. either a or b is possible. d. have no impact on national problems.
The correct option is C. Direct foreign investment is perceived by foreign governments to be either a or b as possible.
Business funding is spending by way of non-public corporations and nonprofits on physical capital—long-lasting property used to provide goods and services. The funding system outlines the steps in creating a portfolio and emphasizes the series of actions concerned from information to the investor. s threat choices to asset allocation and choice to overall performance evaluation.
Purchasing equipment, computer systems, software program, vehicles, or any belongings that increase your manufacturing and decrease your running expenses are examples of a right-away fairness investment. In a monetary outlook, an investment is the purchase of goods that are not fed these days but are used in the future to generate wealth. In finance, funding is a financial asset bought with the idea that the asset will offer income similarly or will later be sold at a better fee rate for a profit.
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which of the following factors is not expected to generally have a favorable impact on the firm's cost of capital according to the text? a. easy access to international capital markets. b. high degree of international diversification. c. high exposure to exchange rate fluctuations. d. all of the above
According to the text, part of image to exchange rate swings is not anticipated to typically have a positive effect on the firm's capital cost.
What exactly is a market, then?The entire number of buyers and sellers there in area or region under consideration is referred to as the market. The region might be the whole world, a nation, a state, or a city. The value, cost, and charge of traded goods depend on the market's supply and demand dynamics.
So what were the 4 different market types?The four types of economic market structures are oligopoly, monopoly, perfect competition, and antitrust law. The followings explain why the categories are distinctive: In a situation of perfect and monopolistic competition, there are several producers.
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u.s. baby boomers are beginning to retire and withdraw their savings for retirement. what effect should we expect this to have on equilibrium price and quantity of financial assets?
The withdrawal of savings from baby boomers will likely lead to a decrease in price of financial assets, as there will be less demand for them and at the same time, the quantity of financial assets will likely decrease as well, since there will be fewer buyers in the market.
Define financial assets?Financial assets are economic resources that can be exchanged for cash. They include stocks, bonds, mutual funds, derivatives, real estate, and cash or cash equivalents. Financial assets are generally classified as either current or noncurrent, depending on their expected holding period. Current assets are considered to have a holding period of one year or less, and noncurrent assets have a holding period of more than one year. Financial assets are generally valued and traded based on their expected return and risk. Financial assets are an important part of creating a diversified portfolio, as they can provide investors with stable returns and growth potential over the long term. Additionally, financial assets can be used to hedge against market risk, as they may provide a stabilizing counterweight to more volatile investments.To learn more about financial assets refer to:
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you've been hired as a consultant to assist a global pharmaceutical company with their advertising medium choices. they have a new product targeting owners of dogs who are interested in preventing fleas and ticks. they want to target a very narrow audience of individuals who own a dog and also use high quality images to capture the emotional connection of the owners to their pets. they also want the advertising message to have a relatively long life. what would you recommend?
They also want the advertising message to have a relatively long life. I would recommend them Magazines.
What are Magazines?
Often illustrated and published in printed or digital form on a monthly basis, a magazine (also known as a periodical) is a compilation of texts (essays, articles, stories, and poems) (excluding newspapers).
The creation of inexpensive paper, the development of the rotary press and the halftone block, and, most importantly, the introduction of advertisements as a source of revenue all boosted magazine publication in the late 19th and early 20th centuries.
In the latter half of the 20th century, as the Internet expanded, an increasing number of publications began to post online copies of their content. Other kinds of magazines also grew in popularity at this time. E-zines, also referred to as zines, were among them.
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The amount of a good or service that buyers would be willing and able to purchase at a specific price is known as
a. quantity demanded.
b. demand.
c. supply.
d. quantity supplied.
e. opportunity cost.
The quantity demanded of a good is the amount of that good that buyers are willing and able to buy at a given price.Many factors influence demand, but only pricing can decide the quantity of a certain good wanted.
What is the quantity of a product that consumers are willing and able to buy at a given price? The quantity required is the quantity of a good that buyers are willing and able to buy at a given price.Many factors influence demand, but only price determines the quantity demanded for a specific commodity.Economists define demand as the amount of a good or service that consumers are willing and able to acquire at each price.Needs and wants drive demand—a customer may be able to distinguish between a need and a want, but from the standpoint of an economist, they are the same thing.Demand specifies how much of a product consumers are willing and able to buy at each feasible price over a certain time period, all else being equal.To learn more about quantity demanded refer
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amesly is an office furniture company. the wood, metal, fabrics, and plastics that it uses to manufacture chairs, desks, tables, and cabinets are all a.output management b.products. c.resources. d.outcomes. e.services.
Amesly is an office furniture company. the wood, metal, that it uses to manufacture chairs, desks, tables, and cabinets are all resources.
Option C is correct.
What is the company's most important resource?Needless to say, no monetary value is given for the effort an employee puts into making a company profitable. This leads to excellent customer reviews and creates brand loyalty from customers. Therefore, employees are an organization's most valuable asset.
What are his four resources companies need to succeed?Factors of production are the resources that make up the economy. They are what people use to produce goods and services. The economist classifies the factors of production into his four categories: Land, Labor, Capital, Entrepreneurship.
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A financial statement that reports assets, liabilities, and owner’s equity on a specific date is called: _______
The term "balance sheet" refers to a financial statement that lists assets, liabilities, and owner's equity as of a certain date.
Why is money significant?The majority of financial research focuses on issues relating to money. To everyone or any business, it is a crucial element. It is crucial to a business since all companies need to make money to survive. Because of this, it is thought of as a specialized business in need of trained personnel.
What is fundamental financial understanding?This information aids in risk management and preserving the stability of the financial system. Accounts, mobile and internet banking, debit and credit cards, checks, PAN cards, ATM awareness, loans, investments, insurance, and taxes are covered in the financial fundamentals.
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given the same supply elasticity, the burden of a 10 percent tax on suppliers would be greatest on consumers within what price range?
The burden of a 10 percent tax on suppliers would be greatest on consumers within what price range of $2 and $4.
Elasticity rises as price rises along a straight-line demand curve. Thus, the lowest range is the most likely candidate.
Doing the calculations, we find that elasticity between $2 and $4 is [(26 - 22)/24]/[(4 - 2)/3] = (4/24)/(2/3) = (1/6)/(2/3) = 3/12 = .25 and is lower than in all the other ranges.
The Correct Option is a) i.e., $2 and $4
Each point on a demand curve that is straight will have a different elasticity. Any location along the demand curve may be used to determine the price elasticity of demand.
The midpoint of the demand curve has a unitary elasticity if the demand curve is linear (straight). At this moment, the overall income is at its highest. Elasticity is more than one at any position above the middle
(Ed > 1).
In this case, price decrease boosts overall income (expenditure). Elasticity falls below the middle to less than 1. (Ed < 1). Price reduction causes a decrease in the company's overall revenue. The reason why a straight line demand curve has different elasticity at each point is now under doubt. PED's worth decreases when prices falls.
The complete question is:
Given the same supply elasticity, the burden of a 10 percent tax on suppliers would be greatest on consumers within what price range?
A. $2 and $4
B. $4 and $6
C. $6 and $8
D. $8 and $10
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a person is using the normal distribution to determine the safety stock for a product. what z value would be associated with a 90 percent service level?
If a person is using the normal distribution to determine the safety stock for a product, 1.28 is the z value that would be associated with a 90 percent service level
How to solve for the z valueA 90 percent service level would tell us that the order probability with this lead time is 90%
The give z value can be gotten from the probability normal distribution table
The value to the right of 90 percent is given as 1.2, while the value to the left of 8 percent is given as 0.08
1.20 + 0.08 = 1.28
= 1.28
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if at the end of the first year the yield curve flattens out to 8%, what will the 1-year holding-period return on the coupon bond?
If at the end of the first year the yield curve flattens out to 8%, then 1-year holding-period return on the coupon bond will be 5.16%.
A coupon is the interest payment a bondholder receives from the bond's issuing date to its maturity date. Ordinarily, the "coupon rate," which is determined by summing the total annual coupon payments and dividing the result by the bond's face value, is used to characterise coupons.
The name "coupon" derives from the fact that previously, bonds were issued as bearer certificates. The certificate itself served as confirmation of ownership. A talon, which could be removed from the certificate and delivered in return for a block of additional coupons, was frequently also included.
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in her job interview, xiu asks about the company policy regarding smartphones. she is told that employees may choose from a limited list of approved devices but that she must pay for the device herself; however, the company will provide her with a monthly stipend. which type of enterprise deployment model does this company support?
Xiu inquires about the company's smartphone policy during her employment interview. She is informed that although there is a small list of authorized devices, employees are required to purchase their own devices and will get a monthly stipend from the employer. The business provides the enterprise deployment model known as CYOD.
Employees who choose the CYOD model can select from a small number of authorized, corporate-liable devices that have the pre-configured protection and management that IT requires to safeguard company data. As part of a CYOD policy, a firm will provide a variety of pre-approved mobile devices, and workers can choose one of them.
Before the worker chooses one of these devices, they are normally set up with security procedures and business apps. Depending on the CYOD policy, the user may purchase the gadget and own it immediately, or the business may provide employees with a stipend to help with expenses while preserving ownership.
Since it still gives employees some latitude in choosing their devices, CYOD is sometimes viewed as a compromise between BYOD and other restrictions.
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the owner right allows a. addition of new rights only b. addition of new rights and removal of some rights c. removal of some rights only d. none of the above
The owner's right permit the deletion of some rights and the addition of new ones.
How does adding work?
The addition is the process of combining items and counting them as a single large group. In math, addition is adding two or more integers together. The terms addends and total both refer to the numbers added and the operation's result.
The owner's right permit the deletion of some rights and the addition of new ones.
The owner's right is more than simply the addition of additional dues.
The owner's right does not just remove some rights.
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automatic stabilizers lead to changes in taxation and government spending as economic output varies. how do automatic stabilizers impact tax revenue and government spending during a recession? tax revenue will decrease and government spending will go up. suppose that the government is required to balance the budget. which is an appropriate discretionary approach during a recession, and what effect would it have to the economy? cut taxes to encourage consumer spending, which would minimize the effects of the recession. invest in public infrastructure that promotes employment and stimulates the economy. cut government spending to equal tax revenue, possibly magnifying the effects of a recession. increase government spending to stimulate the economy, causing an increase in overall aggregate demand.
Automatic stabilizers are mechanisms in the economy that automatically adjust fiscal policy (taxation and government spending) in response to changes in economic output.
During a recession, when economic output decreases, automatic stabilizers lead to a decrease in tax revenue and an increase in government spending.
The first option you provided, "cut taxes to encourage consumer spending, which would minimize the effects of the recession," is an example of discretionary fiscal policy, which refers to conscious decisions made by the government to alter fiscal policy in order to influence economic activity.
The second option you provided, "invest in public infrastructure that promotes employment and stimulates the economy," is also an example of discretionary fiscal policy.
The third option you provided, "cut government spending to equal tax revenue, possibly magnifying the effects of a recession," is not an appropriate discretionary approach during a recession, as it could potentially magnify the negative effects of the recession by reducing overall aggregate demand.
The fourth option you provided, "increase government spending to stimulate the economy, causing an increase in overall aggregate demand," is an appropriate discretionary approach during a recession, as it can help to stimulate the economy by increasing overall aggregate demand and potentially offsetting the negative effects of the recession.
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What revenue stream can run into the billions of dollars for some professional sports teams?
Due to the high demand for sponsorships, sports and entertainment companies have unlimited control and can maximize the value of a sponsor by making repeated offers to increase the price.
What is sport? What purpose does it serve?Sports teach people the following things: Working as a team to accomplish a common goal while putting aside personal interests is known as teamwork. Leadership potential Orient several people with diverse backgrounds toward a common goal or objective. A strong leader encourages others to assume leadership positions.Due to the high demand for sponsorships, businesses in the sports and entertainment sectors have complete control and can increase the value of a sponsor by making repeated offers to increase the price.To learn more about Sports refer,
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A new business owner is concerned about the risk to their personal assets. which organizational structure should they consider for the business? corporation or limited liability corporation limited liability corporation or partnership partnership or corporation sole proprietorship or partnership
The best organizational structure for a new business owner who is concerned about the personal risk to their assets is a Limited Liability Corporation (LLC).
An LLC provides personal liability protection, meaning that if the business fails, the owner's personal assets are protected from creditors. An LLC also allows for pass-through taxation, meaning that the business's profits and losses are "passed-through" to the owners and taxed on the owners' personal income tax returns. This eliminates the need for double taxation, which is common for corporations.
An LLC provides business owners with more flexibility than a corporation. Business owners can determine their own rules for the LLC and are not required to comply with the same corporate formalities as corporations.
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Answer:
(A) Corporation or limited liability corporation
(I also took the test and got it right.)
Explanation:
A limited liability corporation helps to protect your personal assets because it prevents creditors from going after your personally owned assets protected by LLC executives. However, there is an exception for the general business assets.
In regards to corporations, the owner of the said corporation has protection for personal assets as well.
the lowest level of diversification is the level. a. related constrained b. single-business c. dominant-business d. unrelated
The Correct Option is D.
Unrelated is not the lowest level of diversification.
Diversification
This degree of diversification is seen in a business that focuses its operations primarily on one or a few key industries. If the company's revenue represents more than 95% of all sales, it is engaged in a single line of business.
The company's business is dominated if the generated revenue is between 70% and 95%. As a company with little diversity, 5M Security Services Limited primarily targets the "security guards' industry."
Given that breakfast cereals and "snack foods" account for the majority of Kellog's sales, the company is an example of a dominant commercial entity.However, businesses that only make money from one product cannot be considered diversified businesses in the real sense of the word.To Know more about Diversification, Check out:
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which is more harmful to the victim? group of answer choices both a and b are about equally harmful identity theft credit card number theft
The Correct option is A, Identity theft is more harmful to the victim.
Identity theft is a type of fraud that involves stealing an individual’s personal information like their name, address, Social Security number, credit card details, etc. for the purpose of stealing money or taking out loans in their name. It’s a form of financial crime that can have devastating consequences for the victim, from financial losses to ruined credit, and it can take a long time to recover from.
Identity theft takes place in a variety of ways, from dumpster diving to phishing emails, or even someone gaining physical access to an individual’s wallet or other personal information. In many cases, victims don’t even know they have been a victim of identity theft until it’s too late. It’s important to always be vigilant and protect your personal information to help minimize the risks of identity theft.
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Complete Question: -
Which is more harmful to the victim?
A) identity theft
B) credit card number theft
C) both A and B are equally harmful
the manager discovers that the brown gravy tastes very sweet during the daily taste test and does not meet the restaurant's standard. upon investigation, it looks as if the staff accidentally used sugar instead of salt in the recipe. the gravy should be .
During the daily taste test, the manager finds that the brown gravy tastes too sweet and does not adhere to the restaurant's standards. after research,
it looks as if the staff accidentally used sugar instead of salt in the recipe. the gravy should be discarded.
Business records can be used to determine and document historical expenditures. 33.3% is the industry average for food cost percentage. A gourmet-style restaurant's food cost % is often greater than a fast-food restaurant's food cost percentage.
The cost of products sold is multiplied by the income or sales from the final meal to arrive at the food cost percentage.
Cost control refers to the continual process of taking actions to lower corporate expenditures in an effort to boost profitability. Finding and lowering the costs of the food and drinks at your restaurant is the focus of food cost control particularly.
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chris, a store manager for a sporting goods organization, is on the compensation committee. today, they are evaluating jobs. chris and kenny, one of the owners, are comparing jobs to each other, one at a time. by the end of the day, they will have compared all jobs to every other job and come up with an order. what method was used?
One of the proprietors, Kenny, and Chris are contrasting their respective occupations one by one. By the end of the day, they will have evaluated each task against each other and established order. The ordering strategy was applied.
Ordering procedures are a mechanical aspect of inventory control. These are the software applications that convert our projections, actual orders, safety stock, and order amounts into purchase orders or production orders.
Instead of using a third-party food delivery service, clients can make direct orders from restaurants using an online food ordering system or online ordering platform. Customers may utilize the online user interface to place online orders utilizing a mobile app in this web-based ordering system.
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strategy is an integrated and coordinated set of commitments and actions to develop core competencies and gain a competitive advantage. b. core competencies are resources and capabilities that can be developed through r
The goal of company strategy is to create core skills and acquire a competitive advantage. A coordinated and integrated set of promises and actions is a strategy. If a resource or skill is precious, uncommon, expensive to duplicate, and non-replaceable, it qualifies as a core competency.
What is strategy and example?A company's strategy refers to its long-term goals as well as the strategy it has in place to reach those goals. In other terms, it serves as an example of the plan used to accomplish the stated objective. A tactic is a specific action that is carried out in order to achieve the goals set forth in the strategy. All common elements of strategy include establishing objectives and goals, selecting actions to achieve the goals, then allocating to carry out the tasks.
Why is strategy very important?Our business's purpose is defined and given a set of values by our strategy. It facilitates our comprehension of what true success implies. It offers a route for our company, outlines our destination, and recommends helpful rest stops along the way. The secret to determining the most crucial components of a strategic plan is to select goals and objectives that maximize your potential while minimizing resource usage and risk.
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in 2007, about how many percent of people with private health insurance in the u.s. received it as an employer-provided benefit?
In 2007, the percentage of people with private health insurance in the Unite States, that received it as an employer-provided benefit is
88 percentWhat is private health insurance?As contrast to government-run insurance programs, private health insurance refers to health insurance policies promoted by the private health insurance business.
Approximately half of Americans currently have access to private health insurance. Employer-sponsored health insurance includes these plans.
Private health insurance is heavily regulated both at the state and federal levels even though it is not managed by the government. What healthcare services must be covered by group and individual health plans is frequently addressed by regulations and laws.
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huan zhang bought a 10-year bond that pays 8.25 percent semiannually for $911.10. what is the yield to maturity on this bond? (round your percentage answer to two d.p.)
Huan Zhang invested $911.10 on a 10-year bond with a semi-annual interest rate of 8.25 percent. This bond has a 9.66% yield until maturity.
What is annual interest rate?The percentage amount you typically see first when comparing financial products is the annual interest rate, also known as the standard annual interest rate or base rate. It's the base rate of interest you'll pay on a loan or earn on a savings account, excluding compounding and other costs. The annual interest generated by a payment due to investors or assessed to borrowers is referred to as the annual percentage rate (APR).The annual percentage rate, or APR, is a measure of the real cost of borrowing money over the course of a loan or the income generated by an investment.The amount charged over the principal amount by the lender is the rate of interest for business loans. These rates range from 11.25% to 33.75% annually.Therefore, the correct option is b) 9.66%
The complete question is:
Huan Zhang bought a 10-year bond that pays 8.25 percent semiannually for $911.10. What is the yield to maturity on this bond? ( Round your percentage answer to two decimal places.)
a. 8.68%
b. 9.66%
c. 10.67%
d. 7.60%
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kate used a 30 off coupon to purchase a sweater the sweater then became 33.6$ how much was the actual price
kate used a 30 off coupon to purchase a sweater the sweater then became.Therefore, the original price of the sweater is $48.
What's the difference between a sweater and a sweatshirt?A sweater is designed not to absorb sweat but to provide warmth while a sweatshirt is designed both to provide warmth and to absorb sweat. 2. A sweater is usually knitted or crocheted while a sweatshirt is not.
Briefing
The cost of sweater is $33.60
Let the original price of the sweater be x
Now, x-30% of x=33.60
⇒ x-30x/100 = 33.60
⇒ x -3x/10 =33.60
⇒ 7x/10 =33.60
⇒ 7x=336.0
⇒ x=48
Therefore, the original price of the sweater is $48.
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When choosing a marketing channel or intermediary. It is important to ask several key questions, including which of these?
a. Who is responsible for negotiating the channel or intermediary contracts?
b. How many of the firm's competitors will be using the same channel?
c. Which channel and intermediaries we best stay the grequirements of the target market?
When choosing a marketing channel or intermediary, many key questions should be asked, including "which channel and intermediaries will best meet the requirements of the target market?". The correct answer is C.
In selecting a marketing channel and intermediaries, marketing professionals take into account three considerations:
Which will effectively reach the target market?Which will fully satisfy the requirements or the purchasing needs of the target market?Which are going to be most profitable?Learn more about marketing channels here: brainly.com/question/29480192
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which training is an effective method of training that can help employees learn by doing without the consequences of harming the relationships with real guest in real time?
Simulation is an effective training method that allows employees to earn money without jeopardizing their relationships with real guests in real time.
Is simulation a training method?Simulation training is used as a tool to teach trainees the skills they need in the real world. It provides a realistic point-of-care learning experience and is widely used in aviation, military, medical and other fields.
Which training method is best?Best Employee Training Methods and Techniques include: e-learning. hands-on training. Teacher-led learning. Role-playing game. coaching. mock training. cooperative training. video training.
Why is Simulation-based training important?Simulation-based training is a highly effective way of teaching key skills to trainees in a cost-effective manner. Employers provide the best opportunity to assess how well trainees are practicing their skills and the decisions they are making in the face of simulated real-world situations.
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which company reported the largest percentage change in net operating cash flows between 2012 and 2021, and what was the percentage change for that company? d. which company reported the largest percentage change in net income between 2012 and 2021, and what was the percentage change for that company?
during 2012 and 2021, firm had the greatest percentage drop in net operational cash flows, with a drop of -31.
How do cash flows work?
The total sum if liquid assets coming into and going out of a business is referred to as cash flow. Money spent symbolizes outflows, whereas money received indicates inflows.
What conclusions can be drawn from cash flow statements?
The purpose of a cash flow statement is to provide a detailed account of what happened to something like a financial statement over a certain time period, commonly known as the accounting period. How successfully a corporation can operate both short- and long-term is determined by how much money is coming into and leaving the company.
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a portfolio has 45 percent of its funds invested in alpha stock and 55 percent invested in beta stock. alpha has a standard deviation of 6 percent. beta has a standard deviation of 12 percent. the securities have a coefficient of correlation of .62. what is the portfolio variance?
The portfolio variance ensures that all components move in perfect harmony.
Portfolio: What is it?
Portfolio management is the process of choosing, prioritising, and managing an organization's programmes and projects in accordance with its strategic goals and ability to carry them out.
Let's imagine the manager needs to distribute Rs 1,000,000 across the investor's potential investment options. The portfolio manager will then present a portfolio that is built around it, taking into account both the investor's risk tolerance and the types of returns that were computed.
Strategies for managing a portfolio should constantly strike a balance between performance and risk. To learn more about the active, passive, discretionary, and non-discretionary approaches to managing your portfolio.
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14) which of the following is not considered to be a part of carrying costs? a) insurance b) spoilage c) obsolescence d) theft e) inspection
Inspection in not considered to be part of carrying costs which include the cost of renting the warehouse to store the inventory, the loss of inventory due to theft or damage, and the cost of insurance for the inventory.
Is insurance included in the carrying cost?Insurance is included in carrying costs and is an important part of inventory management. However, storage costs cover various other expenses that may be overlooked, such as: theft or damage costs. Depreciation of products in the warehouse.
What is carrying cost of the asset?Book value is the original cost of an asset as reported on a company's books or balance sheet, less the accumulated depreciation of the asset. Also called book value, it is not necessarily the same as the fair value or market value of the asset.
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lisa hired jay in the spring, as she had for many years, to set out in beds the flowers lisa had grown in her greenhouses during the winter. the work was to be done in lisa's absence for $300. jay became ill the day after lisa departed and requested his friend, curtis, to set out the flowers, promising to pay curtis $250 when jay received his payment. curtis agreed. on completion of the planting, an agent of lisa's, who had authority to dispense the money, paid jay, and jay paid curtis. within two days, it became obvious that the planting was a disaster. because he did not operate lisa's automatic watering system properly, everything set out by curtis died of water rot. may lisa recover damages from curtis? may lisa recover damages from jay, and, if so, does jay have an action against curtis?
No, Lisa will not be able to recover damages from Curtis.
What is the recovery of damages?Recovery of damages is the process of obtaining compensation for the harm that has been caused by another person or entity. This can be done through a variety of methods including civil lawsuits, criminal prosecutions, insurance claims, or other forms of dispute resolution. Damages can include financial losses, physical injuries, emotional distress, and property damage. The goal of recovery of damages is to make the injured party “whole” again, meaning that they receive compensation for the losses they have suffered.
No, Lisa may not recover damages from Curtis. Curtis was doing the work on behalf of Jay and was not hired directly by Lisa. Lisa may recover damages from Jay since he was the one who hired Curtis and is responsible for the quality of the work. Jay may have an action against Curtis if Curtis did not fulfill the terms of the agreement between them.
It can be concluded that Lisa will not be able to recover damages from Curtis.
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