The Cost of Repositioning an Automobile Gas Tank for Greater

question 66

Multiple Choice

The cost of repositioning an automobile gas tank for greater safety is $11 per vehicle for 12.5 million vehicles. It is expected that 180 deaths will occur if the gas tank location is not redesigned. If a human life can be valued at $500,000, the expected benefit of redesigning the location of the gas tank is:

• A) $90,000,000.
• B) $900,000,000.
• C) $5,500,000.
• D) $550,000,000.

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Definitions:

Automatic Stay

A provision in bankruptcy law that halts actions by creditors to collect debts from a debtor who has declared bankruptcy.

Adequate Protection

A principle in bankruptcy law that ensures creditors receive protection against the depreciation of their collateral during a bankruptcy case.

Automatic Stay

A provision in bankruptcy proceedings that halts most legal actions against the debtor, providing temporary relief from creditors, evictions, and certain lawsuits.

Legal Action

The formal process of resolving disputes by a court of law, including lawsuits and litigation.