Exam 2 Flashcards
What is a tort?
Act or admission that causes injuries to other persons
What is negligence?
Failing to do an act that a reasonably careful person would do to protect others from harm
Doing an act that a reasonably careful person wouldn’t do under the same circumstances
What does the sudden emergency doctrine state?
Law recognizes that the stress imposed by an in-flight emergency situation may interfere with human decision making
What does the assumption of risk doctrine state?
Relieve others of legal responsibility where it’s proven that the injured person
- knew and understood the risk involved
- voluntarily and freely chose to incur that risk
After how many years can a GA manufacturer no longer be sued?
18 years or if otherwise specified by a state
What’s the best way to avoid getting sued?
Do it right the first time
Far more aviation businesses have failed as a result of poor business practices than from poor aviating
True
What do you call the owner of a corporation?
Share holder
What’s a sole proprietorship?
Owned by a single individual
What are the duties to employees?
Workers compensation insurance Unemployment compensation insurance Pay agreed wages Withhold payroll taxes Provide a safe place to work
Who benefits from workers compensation insurance?
The employer
Why is workers compensation insurance more beneficial to the employer?
Employee can’t sue the employer
Who will show up if you don’t pay your taxes?
IRS
What are the basic principles underlying all insurance?
Spreading the risk
Minimizing the risk
What’s liability insurance?
Pays for injuries to others in the A/C, persons and property on the ground
What are the two distinct types of A/C coverage?
Liability
Hull
What can hull coverage cover?
All risks
All risks while not flying
All risks while not in motion
What are the typical purposes of use?
Pleasure and business Industrial aid Limited commercial Commercial except instruction or rental Commercial Special uses