Jack Owns a Pub

question 13

Essay

Jack owns a Pub. One evening Jim, a friend, comes into the Pub and orders a drink. Over a period of approximately two hours, Jim orders and drinks a variety of alcoholic beverages. Shortly before the Pub closes, Jim pays for his drinks and leaves the Pub. Jim gets into his car and drives away. On his way home, Jim is involved in a motor vehicle accident. Explain the nature of the tort that Jack would found to be have committed. Are there any defences available to Jack? Explain what these defences are.

Comprehend the nature of anterograde and retrograde amnesia, and the effects of disease on memory.

Grasp the impact of hindsight bias and misinformation on memory reconstruction.

Understand the concept of source confusion and its implications for eyewitness testimony.

Recognize the differences between infantile amnesia, prospective memory, and boundary extension phenomena.

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Definitions:

Direct Method

A cash flow statement presentation method that shows actual cash inflows and outflows from operating activities, as opposed to the indirect method which starts with net income and adjusts for non-cash transactions.

Cash Basis

A financial recording strategy that logs earnings and expenditures upon the actual receipt or payment of money, as opposed to when they are earned or incurred.

Direct Method

A way of preparing a cash flow statement where cash receipts and payments are reported directly.

Operating Activities

Transactions and other events related to the core business operations, affecting the operational cash flows of a company.