In Yauger V

question 36

Essay

In Yauger v. Skiing Enters., Inc., 206 Wis.2d 76, 557 N.W.2d 60 (1996) the Wisconsin Supreme Court held that a release drafted by a ski resort was void as against public policy, because it failed to expressly indicate the skiers intent to release the resort from its own negligence. To what extent should courts enforce a waiver or release of liability in a negligence case?

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Definitions:

Depreciation

The allocation of the cost of a tangible asset over its useful life, recognizing the asset's wear and tear over time.

Prime Cost

The sum of direct materials cost and direct labor cost, representing the direct production costs.

Cost Structure

The composition of different types of costs within a company or specific project, often categorized into fixed and variable costs.

Contribution Margin

The amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs and contribute to profit.