Common carriers are not permitted to limit their liability for damage to bailed goods.

Common Carriers

Companies or entities that provide transportation services to the public under the authorization or regulation of a governmental body.

Liability

Legal responsibility for one's actions or inactions, which may lead to legal or financial penalties.

Bailed Goods

Goods that are delivered to a party (the bailee) for a specified purpose under a contract of bailment, without transfer of ownership.

Acquire knowledge about the responsibilities and rights of stakeholders in a bailment context, focusing on matters of liability.

Verified Answer

Terry ThompsonMay 31, 2024

Final Answer :

False

Explanation :

Common carriers are usually permitted to limit their liability to a stated value unless the bailor declares a higher value for the property and pays an additional fee.

Learning Objectives

Acquire knowledge about the responsibilities and rights of stakeholders in a bailment context, focusing on matters of liability.

Common carriers are not permitted to limit their liability for damage to bailed goods.

Definitions

Learning Objectives

Learning Objectives

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