Scott Was Going Out of Town on a Business Trip

question 22

Multiple Choice

Scott was going out of town on a business trip.He lived in a bad neighborhood,so he wanted to leave his car in his friend Lori's driveway for safekeeping.Lori agreed to allow Scott to do this for no charge.Scott gave Lori the keys in case the car had to be moved.While Scott was away,the car was stolen through no fault of Lori's.Scott now sues Lori for the value of his car.What result?

• A) Lori is liable; she owed a duty of reasonable care,which she did not meet.
• B) Lori is liable; she owed a duty of utmost care,which she did not meet.
• C) Lori is not liable; she owned duty of slight care,which she did not meet.
• D) Lori is not liable: she owed no duty since this was a gratuitous bailment.
• E) Lori is not liable; she owed a duty of slight care,which she met.

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period, typically reflected as a percentage increase in real GDP.

Doubling Inputs

When the quantities of all inputs used in the production process are increased by the same proportion.

Foreign Direct Investment

is an investment made by a firm or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Foreign Portfolio Investment

Investment in financial assets from another country, such as stocks or bonds, without direct control over the businesses.