Unformatted text preview: The difficulty is in determining the proximate and the remote acts. It is reasonable to assume that fires will spread. But how it happens is by chance and unforeseen acts (weather). The remoteness of the damage is the question. It is better for people to insure their own houses than to protect those next to them. This is impossible. There are so many causes it’s impossible to protect against them all. Each person should take care of their own house and pay for insurance. Defense : New York Railroad Company Verdict : The remoteness of the damage is the question on which the case should be decided and it prohibits a recovery by the plaintiff in this case. Law and Economics Notes :...
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This note was uploaded on 12/11/2007 for the course ECON 4040 taught by Professor Hay during the Fall '07 term at Cornell.
- Fall '07