Explore BrainMass

Explore BrainMass

    Risk of Not Having Limited Liability Protection

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Considering the recent death at a monster truck show, What might be the personal financial exposure for an individual that drove the truck assuming he didn't have the benefit of a limited liability organization protecting him and he is found negligent?

    Link to article: http://www.foxnews.com/story/0,2933,480432,00.html

    © BrainMass Inc. brainmass.com June 3, 2020, 10:17 pm ad1c9bdddf
    https://brainmass.com/business/financial-statements/risk-limited-liability-protection-223835

    Solution Preview

    Considering the recent death at a monster truck show, What might be the personal financial exposure for an individual that drove the truck assuming he didn't have the benefit of a limited liability organization protecting him and he is found negligent

    If the truck driver is found negligent then he has to pay damages for the wrongful death of the child. The financial exposure will be the financial loss of future earnings, ...

    Solution Summary

    This answer provides you an excellent discussion on financial risk.

    $2.19

    ADVERTISEMENT