Gerard Wants to Get Some Land Cleared in Texas

question 37

Multiple Choice

Gerard wants to get some land cleared in Texas. With the help of a consulting agency, he hires Carlos, an independent contractor. Carlos procures dynamite from a legitimate dealer to be used in clearing the land. However, the explosion of dynamite causes cracks to appear in the outer walls of a nearby house. Who is liable to the owner of the damaged house?

• A) Gerard
• B) Carlos
• C) both Gerard and Carlos
• D) the consulting agency

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Definitions:

Monopolist

A single seller in a market who has significant control over the price and supply of a particular good or service.

Profit

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the operation.

Profit-Maximizing

The process or strategy businesses employ to achieve the highest possible profit from their operations, considering revenue and costs.

Monopolist

A single seller in a market who has significant control over the market price and supply of a product or service, facing no direct competition.