Which of the following are true about remedies? 1) Specific performance is only available for goods that are easily replaced. 2) A warranty is a contract term that entitles a party to rescission of the contract. 3) 4) Recission goes backwards, money or property is returned; damages goes forwards, meaning the plaintiff claims their loss of profit. According to the principle of remoteness, if unusual circumstances were not communicated to the offending party at the time the contract was formed, damages for the unusual circumstances are not recoverable by the plaintiff. 5) A person claiming frustration must establish that the event arose without nither party's fault.
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- Please construct a table and find the equilibrium for NEGLIGENCE WITH A DEFENSE OF CONTRIBUTORY NEGLIGENCE (WITH EFFICIENT LEGAL STANDARD OF CARE)It was felt that liability insurance would undermine the tort system, which has as its central theorem the concept that the individual responsible for injuring another should be made to pay for that injury. Do you think the existence of liability insurance causes one to be less careful than he or she might otherwise be?"If the legal standard of care in a negligence rule is necessarily vague, the court should set it below the level of efficient precaution." Explain the economic argument in favor of this proposition.
- It was taught that liability insurance would undermine the tort system, which has as its central theorem the concept that the individual responsible for injuring another should be made to pay for that injury. Do you think the existence of liability insurance causes one to be less careful than he or she might otherwise be?Assume that people receiving intervention A live 5 years at quality of life of 0.8 and people receiving intervention B live 10 years at quality of life of 0.4. Assume further that the two intervention have equal costs. Compare the cost-effectiveness of these interventions relative to each other and discuss how that would be altered by inclusion of future costs for younger adults and older adults.Multiple Choice Adverse selection describes a situation where an individual's demand for insurance is positively correlated with the individual's risk of loss. Adverse selection occurs when someone increases their exposure to risk when insured. This can happen, for example, when a person takes more risks because someone else bears the cost of those risks. The relationship between smoking status and mortality provides a good illustration for adverse selection, especially in the case in which a life insurance company did not vary its premiums according to smoking status of its customers. To counter the effects of adverse selection, insurers may offer premiums that are proportional to a customer's risk.
- Walmart is planning to expand InHome delivery to LA. What are the factors one should consider when deciding which cities and which parts of the city to make InHome delivery available. (If helpful, maps of Walmart locations in LA and in the US are below.) Fillmore Sardsdale Moorpark Simi Valley Thousand Oaks Google Calabasas Santa Monica Mountains National Recreation Malbu Clarita Topanga State Park 210 San Fernando. 101 Beverly Hills Santa Monica Culver City Manhat Beach Inglewood Urbank Rancho Palos Verdes 210 Lance National Forest Los Angeles La Cañada Flintridge Glendale Pasadena 110 Compton TO Long Beach Terminal Island Arcad El Monte Whittier parden Grove Yorba Linda Fil Santa Ana Irvi + Huntington Beach Keyboard shortcuts Map data ©2022 Google, INEGI Terms of Use Report a map error 27Give typing answer with explanation and conclusion Suppose that a consumer’s demand curve for medical care is QD = −3P +17 with P = $5. Suppose that the beneficiary obtains an insurance plan through an insurer with a 25% coinsurance rate. Under the insurance arrangement, find the following: (a) Equilibrium price and quantity of medical care? (b) Magnitude of deadweight loss? (c) Cost to the beneficiary? (d) Cost to the insurer?Suppose Jay has been experiencing back pain, and has four options for treatment. (Table 14.6) Plot these four treatments on cost–pain reduction axes. Create a cost-effectiveness frontier by connecting potentially cost-effective treatments. Assume that indifffference curves in this space are linear. Interpret this assumption.
- Suppose there are two types of dentists: good and bad. Good dentists went to accredited dental schools, generally know what they’re doing, and provide good dental care. Bad dentists are fakes. They never went to dental school, so they provide shoddy treatment. In fact, most patients actually develop cavities about a month after a visit to a bad dentist. Suppose that a good dentist cannot charge less than $100 per visit without losing money. On the other hand, a bad dentist could charge $50 per visit without losing money. The problem is that it’s impossible for patients to tell good from bad dentists before they visit. However, due to news reports, consumers think that about 60% of all dentists are “bad” dentists. A consumer is willing to pay a good dentist $150 per visit, and is willing to pay $0 to visit a bad dentist. What is the most likely percentage of patients that good dentists will treat? A. 0% B. 60% C. 90% D. 75% E. 100%A claims representative suspects that an insured has committed fraud in submitting a claim for stolen property by including items that were not stolen. The claims representative believes that the insurer can deny the claim because of the fraud but does not have sufficient evidence to meet the legal standards to prove fraud. The claims representative considers offering less that a fair amount to settle the claim in hopes that the insured will accept the settlement. This course of action would reduce the insurer’s loss from a fraudulent claim, close the claim, and avoid costs associated with trying to prove fraud. However, despite the claims representative’s suspicions, the insured not may not be guilty of fraud and may be entitled to the full amount of the claim. There are several factors to consider with his scenario. Considering the two primary goals of the claims function, which are keeping the insurer’s promise and supporting the insurer’s profit goal, how would they apply…Identify three (3) “utility” in the dentistry field. Explain the significance of your Knowledge on it.