Alpha Corp Recently Suffered Two Losses

question 29

True/False

Alpha Corp recently suffered two losses.First, as a result of the carelessness of its financial adviser, Jewel, it lost $100 000 when it invested in worthless shares.Second, in a separate incident, it lost $50 000 when its lawyer, Maia, failed to file a certain document at the land registry office on time.Both Jewel and Maia are liable to Alpha for the tort of negligence.The doctrine of joint and several liability always applies if two or more tortfeasors are liable to the plaintiff.Alpha is entitled to claim $150 000 from Jewel, and Jewel would then be entitled to claim $50 000 in contribution from Maia.

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Definitions:

Crescent Shapes

Forms or structures that are shaped like a crescent moon, often found in dune and ripple markings.

Loess Deposits

Fine-grained, wind-blown sediments that can form thick, fertile soil layers.

Sediment

Particulate organic and inorganic matter that accumulates in a solid layer on the surface of land or within bodies of water.

Air Currents

Movements of air resulting from differences in air temperature and pressure, contributing to weather patterns and climactic conditions globally.