In a Bailment of Common Carriage,where the Bailor Proves That

question 54

Multiple Choice

In a bailment of common carriage,where the bailor proves that the goods were given to the bailee in good condition but were returned damaged,the bailee will be held liable unless it can show that the damage was caused by

• A)the default of the bailor,an act of God,or the dangerous condition of the goods.
• B)an act of God or dangerous condition of the goods only.
• C)the default of the bailor or dangerous condition of the goods only.
• D)the default of the bailor or an act of God only.
• E)none of the above

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Definitions:

Price Floor

A legally established minimum price for a good, or service. Normally set at a price above the equilibrium price.

Legal Price

The price set by law or regulation, often minimum or maximum limits on what can be charged for goods or services.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.

Commodity X

A placeholder name often used to describe a generic good or service in economic models and theories.