CORNELL ECON 4040 - US (2 pages)

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Lecture number:
22
Pages:
2
Type:
Lecture Note
School:
Cornell University
Course:
Econ 4040 - Economics and the Law
Edition:
1

Unformatted text preview:

Econ 4040 1st Edition Lecture 22 Outline of Past Lecture I Mohr II Mcguire III Corvoisier Outline of Current Lecture IV US Current Lecture United States v Carroll Towing Co Brief Fact Summary The Conners Co P barge was left unwatched for 21 hours by the attendant during which period it broke loose and sank Synopsis of Rule of Law A duty of care may be said to exist if the burden of reasonable precautions against harm to others is less than the product of the chances of resulting harm in terms of probability and the magnitude of the harm Facts The Conners Co P barge was left unwatched by its attendant for 21 hours a time when the harbor it was moored in was full of vessels At this time a servant of the Carroll Towing Co D negligently shifted its mooring lines and the barge broke free from the pier and was sunk Conners Co sued Carroll Towing Co for negligence Issue Is there a breach in the duty of care if the defendant s actions raised a risk of injury which could be avoided with a low burden of precautions but which could cause great damage if the risk was incurred Held Hand J Yes If the burden of taking precautions to prevent a probable injury is lower than the product of the probability of harm and the extent of harm which is probable the duty of care has been breached and the doer becomes liable for negligence In the present case prevention of harm involved only placing a man on guard near the barge but in the circumstances with a harbor full of vessels the probability of injury occurring if the barge became untied and struck another vessel was high This probability could change of course if the situation changed In the present situation both the probability of injury and the extent of harm incurred were both high In the face of the extremely simple precautions necessary to avert such harm the breach of duty is held to have occurred These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes



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