Author Question: The debtor in possession is typically an officer or director of the business and has all the powers ... (Read 26 times)

melina_rosy · **on:** Aug 3, 2018

The debtor in possession is typically an officer or director of the business and has all the powers of the trustee.

Indicate whether the statement is true or false

Question 2

Penny runs a stop sign and smashes into Wendy's car. Wendy is injured and her car is damaged. At the time of the accident, Wendy was speeding and talking on her cell phone, driving carelessly. Wendy's damages (for personal injury and property damage) are 10,000 . Wendy sues Penny for negligence. In a contributory negligence jurisdiction, how much can Wendy recover?

a. 10,000 because that is the amount of her damages.
b. 100,000 because she should be entitled to punitive damages.
c. 5,000 because that is the amount of half her damages.
d. 0 because she is barred from recovery.