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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. If Yoshi's case were removed to federal court, the federal court would have to apply conflict-of-law rules to determine what law to apply to the dispute.
Alternative Proposals
Different suggestions or plans put forward as options to consider for solving a problem or making a decision.
Present Value
The present worth of a future amount of money or series of monetary inflows, considering a certain rate of interest.
Present Value Amount
The current value of a future sum of money or stream of cash flows given a specified rate of return, important in discounting and investment decisions.
Rate of Earnings
A measure of profitability that indicates how much profits a company generates from its operations.
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