Which of the Following Terms Refers to a Loss to a Ship

question 72

Multiple Choice

Which of the following terms refers to a loss to a ship or its cargo that is not to be shared in by contributions from all those interested, but is to be borne by the owner of the injured thing?

• A) dead freight
• B) maritime lien
• C) general average
• D) particular average

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Definitions:

Child Support Payments

Payments made by a noncustodial parent to a custodial parent, guardian, or state, intended to facilitate the care and support of their children.

Cash Payments

Transactions where the payment for goods or services is made using currency or banknotes rather than checks or electronic transfers.

House Hunting Expenses

Costs incurred while searching for a new home, often not deductible on U.S. federal tax returns except in specific relocating job circumstances.

Lodging

Accommodation in a residence or hotel for a short-term stay, often considered for deductible travel expenses in business contexts.