There Are a Number of Implied Warranties in Ocean Marine

question 16

Multiple Choice

There are a number of implied warranties in ocean marine insurance.One implied warranty is that the vessel is properly constructed and maintained,and that it properly equipped for the voyage to be undertaken.This implied warranty is the warranty of

• A)seaworthiness.
• B)barratry.
• C)no deviation from planned course.
• D)legal purpose.

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Definitions:

Labor Problem

Issues arising from the employment relationship, typically involving disputes over working conditions, wages, or treatment of workers.

Human Resources School

An approach to management that emphasizes the importance of effective personnel management and the well-being of employees in the workplace.

Commodities

Goods or services that are considered interchangeable with others of the same type, often used in the context of trade and economic markets.

Conflict of Interest

A situation in which an individual or organization has competing interests or loyalties that could potentially corrupt their decision-making, behavior, or actions in a role.