Got a tricky question? Receive an answer from students like you! Try us!

Case Analysis Part II - Coursework Example

Only on StudentShare
High school
Coursework
Finance & Accounting
Pages 5 (1255 words)

Summary

CHAPTER 5 CASE 4 1. I believe that the drugstore did owe a duty of care to Booker and all the other customers. It was imperative that it should maintain a safe environment or at least warn the customers about the possible dangers. My opinion is based on the following: Booker, as any other customer, may be considered a business invitee in the pharmacy…

Extract of sample
Case Analysis Part II

In the case of Paschal v. Rite Aid Pharmacy, Inc. (1985) it was held that a business invitee is entitled to "a duty of ordinary care in maintaining the premises in a reasonably safe condition so that its customers are not unnecessarily and unreasonably exposed to danger"2 from the owner. This means that an owner is obliged “to keep the premises free from dangers not discernible by a reasonably prudent person and to warn invitees of concealed dangers of which the owner knows or should know”3. Therefore, I strongly believe that the drugstore owed its visitors, including Booker, a duty of care to maintain a safe environment. 2. I believe that Booker’s lawsuit against the drugstore is based on negligence, and not upon allegations that the storeowners committed an international tort. International torts occur in those cases when the defendant actually has the intention of harming the plaintiff through his actions, like for example: assault, battery, trespass, fraud, etc. On the other hand, according to Stuhmcke A., “Negligence is a tort which determines legal liability for careless actions or inactions which cause injury.4 Therefore, in this case we are talking about negligence on behalf of the drugstore. 3. ...
Download paper
Not exactly what you need?

Related Essays

The Likely Impact of the Basel II Accord on Shipping Finance
The aim of the accord is to impose a formula that is used by banks to access risk before lending to any organisation. Shipping industry has a unique risk that affects the financial performance. The paper looked at risk assessment applied by financial institutions as imposed by Basel II accord and the behaviour of shipping industry (Bookstaber R., 2007, p.71). The analysis that was carried out included economic simulations, case studies before and after the implementation and the accord. It deals with concepts of Basel II enable one understand the lender-borrower dynamic within the context of…
32 pages (8032 words)
Cases Analysis Part 3
In this specific case, stating that if Williams ever missed a payment, the store could repossess all the items that Williams had ever bought from Walker, regardless of how long ago they were purchased is a strong example of unconscionable clause. If the clause referred only to that one purchase to which the missed payment referred, it would not be considered unreasonable and unfair. I believe that in this case, the bargaining power of the parties was definitely unequal, placing the consumer in a disadvantaged position. Therefore, Williams should ask the Court not to enforce this specific…
5 pages (1255 words)
Case Analysis: Sutter Health
Most of the people, even if uninsured, are working and therefore, can be expected to have resources to spend on healthcare (Souza, & McCarty, 2007, p.1). Sarah Krevans, the President of Sutter Health Sacramento Sierra Region, has won the title "2011 Woman of the Year" by Women Health Care Executives, and she continues to perform through her guidance on delivery of health care to the needs and demands of the patients. The health care, under her guidance, has made much advancement, which is appreciable to a great extent (Anon., June 2011). The affiliated medical groups under Sutter Health got…
8 pages (2008 words)
Financial Analysis Exercise II
Exxon Mobil in the world’s number one highly capitalized energy company head quartered in Irving, Texas. It has the highest revenue base in the world and the biggest publicly traded company. The stock is quoted in New York Stock Exchange (NYSE) as XOM. From the graph that we have, we can observe that the stock has been moving in the same direction as the DJI over the last twelve months. The direction of the stock’s movement can be concluded that it has been largely determined by the direction that the DJI has been taking. This means that it has been less affected by other external factors…
3 pages (753 words)
Financial Reporting Case analysis
The Generally Accepted Accounting Principles (GAAP) also play a major role in the solving of the issues at hand (Epstein and Nach 77). The case involving Philadelphia Communications Inc. first of all presents the issue of disclosures before, during and after an Initial Public Offer. Since Philly had just recently completed an IPO, the SEC, FASB and IFRS requirements require certain disclosures concerning this process. Another issue arising out of Philly’s case is the testing and verification of receivables to the company. These too require certain considerations under the SEC, FASB and IFRS…
4 pages (1004 words)
Corporate Collapse Case Study Part 2
In USA this procedure is a part of fraud accounting but in the UK it is used to provide flexibility in the existing accounting and regulatory system of the company. The sole purpose of accounting is to provide a true and fair view to the users of the financial information (Larson, 2008). Creative accounting does not necessarily mean the violation of GAAP rules or breaching of any terms and condition of the company. The accountants generally use this concept to insert flexibility in the accounting system and deliver a true and fair view to the users of the financial report and information…
8 pages (2008 words)
WAG case analysis
Financial Analysis of the Wag’s Judgments and Method of Calculating Net Income According to Canadian accounting standards for private enterprises (ASPE), WAG’s financial judgments and methods used have resulted to overstatement and understatement of net income in various ways. First, the method of calculating and awarding dividends and salaries has resulted in the understatement of net income. In Wiki Art Gallery (WAG) dividends are shared on 50 per cent basis on monthly basis and this was paid up to $400 until April 2012. The amount of dividend paid out to shareholders determines…
5 pages (1255 words)