Troupe Was Shopping at a Burlington Coat Factory Store When

question 101

Multiple Choice

Troupe was shopping at a Burlington Coat Factory store when she slipped and fell on a berry, causing injuries. She sued the store for negligence for failure to keep the floor clean of spills and objects that might cause patrons to fall. The appeals court held that Troupe:

• A) could not sue for damages as she had not purchased anything at the store so was not considered to be an invited patron.
• B) failed to show that the berry existed; without such evidence the store was not liable.
• C) could collect compensatory damages for her injury as the store had a duty to make the premises safe, but she could not recover punitive damages as there was no evidence of willful misconduct by the store.
• D) could collect compensatory damages for her injury as the store had a duty to make the premises safe; she could also recover punitive damages as there was evidence of numerous instances of unsafe conditions in the store.
• E) none of the other choices

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Definitions:

Depreciation Expense

The allocation of an asset's cost over its useful life, representing the wear and tear, deterioration, or obsolescence of the asset.

Cash Flows

The total amount of money being transferred into and out of a business, particularly in terms of liquidity and financial planning.

Noncash Asset

Assets that cannot be easily converted into cash, such as buildings, equipment, and inventory.

Long-term Debt

Borrowings and financial obligations that are due to be repaid over a period longer than one year.