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Fact Pattern 2-1
Yoshi, a Japanese citizen working in Atlanta for his Tokyo firm, decided to rent an airplane and fly himself to the Annual Catfish and Zydeco festival in Thibodaux, Louisiana. He rented a small plane to fly there. Over Alabama, thunderstorms formed. Because Yoshi was not trained to fly by instruments, he decided to land at the next airport.
As he searched for a runway, Yoshi heard a loud clank followed by silence as the engine died. He tried to land in a field but crashed. While recovering in a rehabilitation center in California, Yoshi filed suit there against the Atlanta Airport and the owners of the airplane, alleging that they were negligent in their maintenance.
-Refer to Fact Pattern 2-1. Because of the size of his alleged damages and the nature of the case, Yoshi could, if he wished, sue the defendants in small claims court.
Yen
The official currency of Japan, known in finance as an essential part of the foreign exchange market.
Balance on Goods
The difference in value between a country's imports and exports of goods.
Depreciation
The reduction in the value of an asset over time due to wear and tear or obsolescence.
Dollar
The basic monetary unit used in the United States and other countries, symbolized by $.
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