In Farrell V

question 57

Multiple Choice

In Farrell v.Macy's Retail Holdings,Inc. ,the case in the text,the court held that Macy's was not liable for false imprisonment because its employees:

• A)acted subjectively reasonable under the circumstances.
• B)recognized the Farrells and had suspected them to be shoplifters before.
• C)noticed the plaintiffs had walked past all points of sale.
• D)had probable cause to detain the Farrells and as such,was protected under the state's shopkeeper's statute.

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Definitions:

Book Value

The net value of a company's assets less its liabilities and intangible assets.

Abnormal Earnings

Profits that exceed or fall below what is typically expected, often due to unusual events or one-time gains and losses.

Actual Earnings

The real income a company generates from its business activities, distinct from its reported or projected earnings.

Earnings Capitalization

A method for valuing a company by dividing its annual earnings by a certain capitalization rate, reflecting the investment's expected rate of return.