Asked by Anibal Navarro on Jun 06, 2024
Verified
In a bailment, in some circumstances, the dollar amount of liability for any loss or damage to bailed goods can be limited by
A) common carriers.
B) warehouse companies.
C) ordinary bailees.
D) all of the choices.
Common Carriers
Businesses that provide transportation services to the public under the regulation of government agencies, typically involving the conveyance of goods or people.
Warehouse Companies
Businesses specializing in storing goods in large buildings known as warehouses until they are sold or distributed.
Ordinary Bailees
Individuals or entities temporarily holding property or goods belonging to another, with a responsibility to care for those goods but not the ownership rights.
- Ascertain the scenarios enabling a bailee to minimize their accountability for any loss or damage incurred.
- Differentiate between the liabilities of common carriers, ordinary bailees, and warehouse companies.
Verified Answer
Learning Objectives
- Ascertain the scenarios enabling a bailee to minimize their accountability for any loss or damage incurred.
- Differentiate between the liabilities of common carriers, ordinary bailees, and warehouse companies.
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