A CoIs a Carrier of Goods

question 32

Multiple Choice

A Co.is a carrier of goods.A Co.uses a standard form contract that contains a provision which states that the risk of loss is to be borne by the owner of the goods and that A Co.will not be held liable for its negligence or the negligence of its employees.In the course of carrying B's goods,one of A Co.'s employees is negligent and the goods are damaged.In this situation

• A)only the employee who was negligent will get the benefit of the provision in the contract.
• B)both A Co.and the employee who is negligent will get the benefit of the provision in the contract.
• C)neither A Co.nor the employee will get the benefit of the provision in the contract.
• D)only A Co.gets the benefit of the provision in the contract.
• E)the provision in the contract is void as against public policy.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Synergistic Gains

The enhanced value created by the combination of two or more companies or assets, beyond what they could achieve independently.

Acquisition

The process of obtaining control of another company or business entity through purchase or merger.

Tax Reductions

Financial strategies or government policies aimed at decreasing the amount of taxes owed by individuals or corporations.