George,Jerry,and Harry Are Passengers on a Flight from Chicago to New

question 80

Multiple Choice

George,Jerry,and Harry are passengers on a flight from Chicago to New York.They injure their legs when their seatbelts do not fasten during take-off.The airline is sued by all three together for injuries caused,and the airline is found to be negligent and is directed by the court to pay damages to the injured parties.Which of the following parties is entitled to recover maximum damages?

• A)George, a retired professor who gets a pension of $50,000 a year
• B)Jerry, a football player who earns $2 million a year
• C)Harry, a chartered accountant who earns $200,000 a year
• D)George, Jerry, and Harry

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Definitions:

Penalty

A punishment imposed for breaking a law, rule, or contract, which often involves paying a fine or forfeiting something.

Mark-Up

The amount added to the cost of a product or service to cover overhead and profit.

Selling Price

The amount of money for which a product is sold to the customer, after accounting for discounts, rebates, and other adjustments.

Payment

The transfer of money, or its equivalent, from one party to another in exchange for goods, services, or to fulfill a legal obligation.