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MIE 305 EXAM 2 QUESTIONS WITH 100% CORRECT ANSWERS..

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MIE 305 EXAM 2 QUESTIONS WITH 100% CORRECT ANSWERS

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VA Pharmacy Board v. VA Consumer Council


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VA said if pharmacies advertising prices- someone can under cut

Court said you cant do that just because your scared




V&M Res Ipsa Case`


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V&M sued Centimark for negligence under Res Ipsa


Denied because it was not under Centimark's exclusive control

, Ford Pinto (1970s)


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Pinto's CEO went into mass production and wanted Ford to capitalize on
smaller vehicles


Gas tank was mounted too close to the rear bumper so car blew up when
hit with low speed rear crashes...


Ford engineers warned them about this problem

Government then found out and forced them to recall




Enron Scandal


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Energy services company intermediating between natural gas producers
and their customers mitigating energy-price fluctuations by fixing the
selling price.

As a market boom receded enron with the help of the accounting and
consultation firm Arthur Andersen cooked the the books to please
shareholders

Eventually the number caught up to them and led to a great hit on the
stock market leaving both companies bankrupt.




Gibbons v. Ogden


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