Asked by Jacob Thomas on Jun 04, 2024
Verified
Under tariff rules,a common carrier may limit her liability to a shipper's declaration of value,provided that the rates are:
A) not on a take-it-or-leave-it basis.
B) in writing.
C) are determined by what is reasonable in the trade.
D) dependent on value.
Tariff Rules
Regulations and fixed duties or fees imposed by a government on imports or exports to control trade and raise revenue.
Common Carrier
An entity that offers its services to the general public for the transport of goods or people under the regulation of government agencies.
Liability
The legal responsibility for one's actions or inaction, which may result in financial compensation or legal penalties.
- Differentiate the duties and liabilities of common carriers as opposed to private carriers.
Verified Answer
Learning Objectives
- Differentiate the duties and liabilities of common carriers as opposed to private carriers.
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