Driving Down the Street You Stupidly Run a Red Light

question 410

Multiple Choice

Driving down the street you stupidly run a red light and hit a car legally going through a green light. You knock that car into a parked car, which knocks a loaded gun out of the parked car that falls on the street and fires a bullet that hits a person walking on the sidewalk. That person sues you in tort for damages. They will probably:

• A) win because you were negligent and caused their injury
• B) win because strict liability would apply to your actions
• C) win because carrying a loaded gun is dangerous
• D) lose because there is no proximate cause
• E) lose because traffic violations may not be the basis for tort actions

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Definitions:

Losses Of Inventory

The reduction in the value of goods held for sale, due to theft, deterioration, or obsolescence.

Actual Inventory

The physical count and valuation of all goods available for sale or use at a specific time, often conducted through a physical inventory audit.

Trade Discount

A reduction in the list price granted by a supplier to a buyer from the trading sector, based on the volume of goods purchased or as a promotional strategy.

Government Agencies

Official organizations established by a government to perform specific functions or services in accordance with legal mandates.