Jane Doe is liable for 23% of the total damages, while John Wick is liable for 33% of the total damages. Jane Doe must pay John Wick R75,950.00 in damages.
Calculate who must pay whom, and what would be the amount in damages?Based on the given information, the calculation for damages and who must pay whom is as follows:
Calculate the percentage of negligence for each driver:
Jane Doe is 23% negligent
John Wick is 33% negligent
Calculate the total amount of damages for each vehicle:
Range Rover: R175,000.00
Porsche Cayenne: pre-accident value of R985,000.00 (VAT) minus salvage value of R125,000.00, which equals R860,000.00 in damages
Calculate each driver's liability for damages:
Jane Doe is liable for 23% of the total damages, which is R201,500.00 [(R175,000.00 + R860,000.00) x 0.23]
John Wick is liable for 33% of the total damages, which is R277,450.00 [(R175,000.00 + R860,000.00) x 0.33]
Calculate the net amount that each driver must pay:
Jane Doe must pay John Wick R75,950.00 [R277,450.00 - R201,500.00]
Therefore, John Wick will receive R75,950.00 from Jane Doe.
Thus, Jane Doe must pay John Wick R75,950.00 in damages.
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The complete question is: Jane Doe purchased a Range Rover last week for R790 500 (VAT incl). While driving from the Dube Port area along the N2 Road in Durban, she collides with John Wick, who is the owner-driver of a Porshe Cayenne. Doe is 23% negligent, whereas Wick is 33% negligent. The damage to the Range Rover is estimated at R175 000.00. It is uneconomical to repair the Porsche, but its salvage value is R125 000.00. The pre-accident value of the Porsche was R985 000.00. With reference to the damages to Doe and Wick's motor vehicles, calculate who must pay whom, and what would be the amount in damages.
a loss occurs when an individual breaks into a safe and leaves visible signs of forcible entry best describes
Burglary is defined as a forced entry into or exit from an insured's property with the purpose of stealing the insured's property. Forced entry or exit must be clearly visible.
Should a person be returned to their previous financial situation when a loss occurs?Indemnity, A common legal rule relating to insurance that states that the person receiving benefits under an insurance policy should be put back in roughly the same financial situation as before the loss.
A loss sustained form is what?These forms are preferred because under a "loss discovered" form, regardless of when the act or loss occurred, coverage is applied to losses that are discovered during the policy period. • When a loss is really experienced, coverage is applied using a "loss sustained" form.
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The complete question is below:-
A loss that occurs when an individual breaks into a safe and leaves visible signs of forcible entry best describes
a. Burglary
b. Robbery
c. Mysterious disappearance
d. Larceny
how long minimum amount of time you can have your probationary license?
Answer: 6 months
Explanation:
households (c)
government (g)
formation(I)
residual item
name the method used
Answer:
Expenditure approach to calculate GDP.
Explanation:
The terms represent the components of the expenditure approach used in calculating a country's Gross Domestic Product (GDP).
The expenditure approach sums up the total amount spent on goods and services produced within the country during a given period, typically a year.
The components of GDP using the expenditure approach are:
Consumption (C): the total spending by households on goods and services during the period.
Government spending (G): the total spending by the government on goods and services during the period.
Investment (I): the total spending on new capital equipment, buildings, and inventory by firms during the period.
Net Exports (NX): the difference between the value of exports and imports during the period.
The residual item in the expenditure approach is the difference between the total output (GDP) and the sum of the three components (C + G + I), which represents the net exports (NX).
So, the method used is the Expenditure approach to calculate GDP.