Question

Bill Mea parked his car in a downtown garage. When he returned, the car was stolen....

Bill Mea parked his car in a downtown garage. When he returned, the car was stolen. The parking garage refuses to pay Bill for the loss. Discuss.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer - Assuming Bill has paid for the parking, there is a contract of Bailemnt formed between the Bill Mea & Parking Garage Owner.

So, if they have mentioned any terms and conditions like on some ticket or writing a contract than those will be followed. If not, Customs of that place will apply.

So, normally customs state that Bailee is liable to look after the goods bailed. So, if any damage occurred to the bailed goods in the bailment period, the Bailee is liable to compensate for the loss incurred by bailee.

Hope this meets your purpose, Hit Like if I was helpful and feel free to comment in case of any concern.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Isa owns a parking garage in downtown Colombia. He charges $5.00 per hour. The company has...
Isa owns a parking garage in downtown Colombia. He charges $5.00 per hour. The company has total costs of $550 when 50 parking stalls/spots are occupied and $650 when 100 parking stalls/spots are occupied within the hour. Find the profit function of the company operating this parking package. Note: Assume the functions are linear.
Your car is parked on a 10 degree incline when an identical car parked in front...
Your car is parked on a 10 degree incline when an identical car parked in front of you starts to roll backwards. (a) The other car was parked 2 m in front of yours when the parking brakes failed and it began rolling without friction. How long does it take for the car to reach yours? (b) How fast is the other car moving when it collides with yours? c) If the coefficient of static friction between the road and...
please use IRAC format to answer the following question Pete’s Pontiac is parked in Pete’s garage....
please use IRAC format to answer the following question Pete’s Pontiac is parked in Pete’s garage. Bob, a local gang member, is going through his initiation into the gang. Bob is told that he must steal Pete’s Pontiac and drive it through a fast food restaurant where the gang will be waiting or else he will be killed. Bob sneaks into Pete’s garage at night, finds the keys that Pete left in the ignition, and drives the car through the...
Question 1 Hammer regularly took his car to be serviced at his local garage, Vanilla Ice...
Question 1 Hammer regularly took his car to be serviced at his local garage, Vanilla Ice Limited. On several occasions before handing his car over to the garage, Vanilla Ice always required Hammer to read and sign a contractual document which contained the following statement in big bold red type; “Vanilla Ice Ltd accepts no responsibility for any consequential loss or injury sustained as a result of any work carried out by the company, whether as a result of negligence...
Subject: Business Law Hammer regularly took his car to be serviced at his local garage, Vanilla...
Subject: Business Law Hammer regularly took his car to be serviced at his local garage, Vanilla Ice Limited. On several occasions before handing his car over to the garage, Vanilla Ice always required Hammer to read and sign a contractual document which contained the following statement in big bold red type; “Vanilla Ice Ltd accepts no responsibility for any consequential loss or injury sustained as a result of any work carried out by the company, whether as a result of...
Bill had plenty of money to buy a new car although he is reluctant to do...
Bill had plenty of money to buy a new car although he is reluctant to do so because he also wants to pay cash for his vacation this year. What element of a market economy prevents Bill from buying a new car in this scenario?
Javier Galindo, the husband of Richard Clark’s housekeeper, was sitting in his car, parked in the...
Javier Galindo, the husband of Richard Clark’s housekeeper, was sitting in his car, parked in the driveway of Clark’s house, waiting to pick up his wife. While he was waiting, a leaning 80-foot tree located on an adjacent property fell on Galindo’s car and killed him. Galindo’s wife sued Clark, alleging that Clark was liable for failing to notify Galindo about the danger posed by the leaning tree. Do you think that Clark had a legal responsibility to tell Galindo...
S promises to sell B his car for $1,500. When B returns to pick up the...
S promises to sell B his car for $1,500. When B returns to pick up the car S refuses to deliver. 1) Why do Seller's breach by refusing to deliver the goods? 2) If it has been determined that the fair value of this car was $2,200 and the buyer already committed to one month's non-refundable garage space to store the car, what would be the buyer's compensatory measure of damage under UCC Article 2? 3) If the buyer already...
Yount told Lewis he wished to buy Lewis's automobile. He drove the car for about ten...
Yount told Lewis he wished to buy Lewis's automobile. He drove the car for about ten minutes, returned to Lewis, stated he wanted to take the automobile to show it to his wife, and then left with the automobile and never returned. Yount sold the automobile in another State to Turner and gave him a bill of sale. Can Lewis recover the automobile from Turner?
Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill’s friend,...
Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill’s friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck: Camper and equipment: Cost, $15,000; usable for eight seasons; 8 hunting trips per season $ 234 Travel expense (pickup truck): 100 miles at $0.37 per mile (gas, oil, and tires—$0.26 per mile; depreciation and insurance—$0.11 per mile) 37 Shotgun shells (two boxes...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT