A Navigation Error Caused a Cargo Ship to Run Aground

question 41

Multiple Choice

A navigation error caused a cargo ship to run aground on a reef.The ship,valued at $1.5 million,was carrying $1.5 million in grain and $1.5 in electronic devices.The ship sustained a $150,000 physical damage loss.If this loss is a "particular average" loss,how will the loss be settled?

• A)The owners of each of the three interests are responsible for $50,000.
• B)The owner of the ship is responsible for the entire $150,000 loss.
• C)The two cargo owners are each responsible for $75,000 of the loss.
• D)The owner of the ship is responsible for the first $100,000 of the loss,and the two cargo owners are each responsible for $25,000 of the loss.

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Definitions:

Expert Power

The influence and authority one gains from possessing specific knowledge or expertise in a particular area.

Countertransference

The emotional reactions and projections that a therapist may have towards a client, which can influence the therapeutic relationship.

Psychoanalytic Tradition

A branch of psychology originating from the work of Sigmund Freud, focused on the role of unconscious motivations and early developmental experiences in shaping personality and behavior.

Transference

A phenomenon in psychology where an individual unconsciously redirects feelings and attitudes from a person or situation in the past to a person or situation in the present.