Showing posts with label Business Law Chapter 6. Show all posts
Showing posts with label Business Law Chapter 6. Show all posts

Spino, Inc. entered into a one-year, $1 million contract with Elana, a sports celebrity, to promote Spino's products. Sportz Inc., a competitor of Spino, was interested in having Elana promote its products and knew of her contract with Spino. Sportz offered Elana a three-year, $5 million contract. Elana left Spino and signed with Sportz. Which statement is correct?

Spino, Inc. entered into a one-year, $1 million contract with Elana, a sports celebrity, to promote Spino's products. Sportz Inc., a competitor of Spino, was interested in having Elana promote its products and knew of her contract with Spino. Sportz offered Elana a three-year, $5 million contract. Elana left Spino and signed with Sportz. Which statement is correct?



a. Elana is liable for tortious interference with a contract.
b. Sportz is liable for tortious interference with a contract.
c. Both Elana and Sportz are liable for tortious interference with a contract.
d. Spino is liable for tortious interference with a contract.







Answer: B

Which of the following is a true statement about tort reform?

Which of the following is a true statement about tort reform?





a. Congress has proposed and debated bills placing limits on tort awards, but so far has not enacted such legislation.
b. Large medical malpractice awards account for about 60 percent of the dramatic increase in health care costs in the United States during the last two decades.
c. All of these answers.
d. Almost all the states have passed statutes limiting the amount a jury can award in a tort case.






Answer: A

In awarding punitive damages, a court must consider:

In awarding punitive damages, a court must consider:



a. the ratio between the harm suffered and the award.
b. the difference between the punitive award and any civil penalties used in similar cases.
c. All of these answers.
d. the reprehensibility of the defendant's conduct.






Answer: C