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UIUC FIN 341 - Finance 341 Class Assignment

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Finance 341Class Assignment #13Names:________________________________________________Find a partner for this exercise. Introduce yourselves, if you don’t already know your partner. Read each of the following cases and decide, together, ifyou think that the businessowner in each of the following cases would be legally liable based on negligence. Consider the four elements of negligence and any possible defenses. Be prepared to defend your choice inclass discussion. 1. A customer in a grocery store takes a jar of cranberry juice from the shelf to put in her cart. The jar slips out of her hand and smashes on the floor. The customer is cut by the glass and requires stitches. Her medical bills are $500.Should the store owner be liable? Yes NoExplain your answer: _________________________________________________________________________________________________________________________2. Another customer is walking down the aisle where the other customer spilled the cranberry juice. This customer slips on the spilled juice andfalls, hurting his back. He sues the store for his injuries.Should the store owner be liable? Yes NoExplain your answer: _________________________________________________________________________________________________________________________3. A shopper in a department store is apprehended by store security guards and briefly detained before being releases. It turns out that the customer was dressed similarly to another customer who had beenobserved shoplifting and the guards detained the wrong person. The customer sues the store for the humiliation and mental anguish caused by the incident which took place in the presence of his children.Should the store owner be liable? Yes NoExplain your answer: _________________________________________________________________________________________________________________________4. A participant in a demolition derby contest sues the sponsors for whiplash injuries suffered during the event. The injuries resulted in medical bills and loss of earnings.Should the store owner be liable? Yes NoExplain your answer: _________________________________________________________________________________________________________________________5. The 4 year old child of a customer enters an area of the store marked “Employees Only” and starts playing with an automatic stapler. The child ends up accidentally stapling his fingers. The customer sues the store for the injuries to the child.Should the store owner be liable? Yes NoExplain your answer: _________________________________________________________________________________________________________________________6. A shopping cart left in a parking lot by a customer is blown into another customer’s car and causes scratches to the paint. This customer sues the store owner for the cost of repainting her car.Should the store owner be liable? Yes NoExplain your answer:


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