Ocean Carriers Are Liable for Damages Resulting from Which of the Following

question 50

Multiple Choice

Ocean carriers are liable for damages resulting from which of the following?

• A) Providing a seaworthy ship at the beginning of the voyage.
• B) Mismanagement of the ship that causes a shipwreck.
• C) Errors in navigation that cause a mid-ocean collision.
• D) All of these are correct.

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Definitions:

Net Income

The total profit of a company after all revenues and gains are added to the account and all expenses and losses are subtracted.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, revealing profit or loss.

Corporal Punishment

The use of physical force as a means of disciplining someone, typically involving hitting or spanking.

Child's Aggression

Behaviors exhibited by a child that are intended to cause harm or assert dominance, which can be physical or verbal in nature.