Fact Pattern 18-1 Jean LeFleur, Owner of Happy Feet, a Company That Makes

question 334

Multiple Choice

Fact Pattern 18-1
Jean LeFleur, owner of Happy Feet, a company that makes environmentally-sensitive foot wear, decided to move operations from Los Angeles to Bozeman, Montana. LeFleur wanted to be in an area noted for environmental quality. He built a new plant that produced oil-based sludge from its production process. The sludge could have been treated at the plant. But LeFleur decided that treatment was too costly, so the company dumped sludge into the Gallatin River, which runs through Happy Feet property. Other sludge was buried in drums in a field at night.
-Refer to Fact Pattern 18-1. If Janet were to sue Happy Feet for trespass of her property, she would need to prove:

• A) a direct breach of the boundaries of her land
• B) a physical invasion of land by vapors
• C) a completely unreasonable interference with the use of her land
• D) economic interference that may cause bankruptcy if Happy Feet's actions are not enjoined
• E) intent by Mr. LeFleur to pollute Janet's property

Understand how to calculate the total rate of return from an investment.

Understand the mathematical relationship between investment losses and gains across different time periods.

Illustrate the impact of compound interest on investments and loans.

Calculate the necessary rate of return to achieve a specific financial goal.

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Definitions:

Promissory Notes Act

Legislation that governs the issuance, form, and effects of promissory notes, which are written promises to pay a specified sum of money to a specified person or the bearer at a specified time.

Countermand Payment

The act of canceling a payment or stopping the processing of a payment order by the payer.

Certified Cheque

A cheque guaranteed by a bank, indicating that the signer has enough funds in their account to cover the amount of the cheque.

Bills Of Exchange Act

A law that governs the creation, transfer, and effects of a bill of exchange, which is a written order used in international trade requiring one party to pay a fixed sum of money to another party on demand or at a predetermined date.