Mike Owns a Pet Tiger That He Keeps in His

question 62

Multiple Choice

Mike owns a pet tiger that he keeps in his back yard.He has a 24-foot fence placed around his property that he tops with barbed wire and has electrified.Maria,while drunk,accidentally drives her car into the fence and the tiger escapes.The tiger enters a neighbor's house and attacks Monica.If Monica sues:

• A) Mike wins because he did everything right and the tigers escape was not his fault.
• B) Mike wins only if Monica could have escaped from the tiger but chose to not run into a closet to save herself.
• C) Mike loses based on negligence because his duty to protect others was breached.
• D) Mike loses based on strict liability.
• E) Mike wins because a Tiger acts on instinct and Mike can't control instinct.

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Definitions:

Estimated Useful Life

The anticipated period over which an asset is expected to be used before it is fully depreciated.

Units-of-production

A method of depreciation based on an asset's usage, activity, or parts produced rather than passing time.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Molding Machine

A machine used in manufacturing to shape liquid or pliable material using a rigid frame called a mold or matrix.