Solved

Donna Is the Treasurer of Sweet Things,Inc

Question 65

Essay

Donna is the treasurer of Sweet Things,Inc.,a small local bakery that recently started and has minimal assets.At 4:30 p.m.one day,Donna realized that she had not made an important bank deposit and only had a half hour to get to the bank.She took a corporate car and was speeding to the bank when she hit Josh,a pedestrian legally in a cross walk.Josh was seriously injured,and the car,which then careened into a pole,was totaled.Josh sued both Sweet Things and Donna.The bank that financed the car has also sued Sweet Things and Donna because Sweet Things stopped making the loan installment payments after the accident and was in default.Discuss Sweet Things' and Donna's potential liability to Josh and the bank in this case.

Correct Answer:

verifed

Verified

Regarding the bank loan in default,Donna...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents