Cornelius Recklessly Stored a Large Box of Fireworks on His

question 68

Multiple Choice

Cornelius recklessly stored a large box of fireworks on his residential property. The fireworks ignited when he carelessly threw a cigarette on them. Some of the fireworks shot off his property and struck a neighbouring house, which belonged to Cherilyn. Cherilyn's house was badly damaged by the fire. Although she could not, of course, recover compensation more than once for the same loss, she would probably be able to successfully sue Cornelius in tort for

• A) nuisance but not Rylands v Fletcher or occupiers' liability.
• B) Rylands v Fletcher and occupiers' liability and nuisance.
• C) Rylands v Fletcher but not nuisance or occupiers' liability.
• D) Rylands v Fletcher and nuisance but not occupiers' liability.
• E) Rylands v Fletcher and occupiers' liability but not nuisance.

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Definitions:

Net Advantage To Leasing

The total financial benefits of leasing an asset compared to purchasing it, taking into account all costs and savings.

Resale Value

The estimated market value of an asset at the time of its sale, reflecting what a seller may realistically receive.

Incremental Cash Flow

The additional cash flow generated by a company from taking on a new project or making a new investment.

Tax Rate

The ratio of taxation applied to the earnings of a corporation or a person.