ECO320Y5 Study Guide - Midterm Guide: Panic Buying, Punitive Damages, Insider Trading
Document Summary
All work should be in pen written on the lined portions of the test booklets. Full marks will only be awarded to fully explained answers accompanied by a fully labelled diagram or diagrams where appropriate. Please read all questions carefully before answering them. Question 1: (a) what are the five (5) requirements a victim must show to prove negligence? (15 marks) (5 marks) Proves the link of causation between defendant and claimant. Proves that there was a monetary loss flowing from the action of the defendant. Proves that there exists a standard of care (hand rule) between the defendant(s) and victim. Proves the standard of care (hand rule) between the defendant(s) and victim was not met. [see side 22 lecture 12] (b) draw and explain the negligence rule curve being careful to label it. (3 marks) [see side 4 lecture 13] (c) draw and explain the comparative negligence rule? (3 marks)
