Common Carriers May Limit the Amount of Their Liability When

question 34

Essay

Common carriers may limit the amount of their liability when the shipper does not declare the value of goods. Usually these terms must be approved by the Canadian Transport Commission that has jurisdiction over the common carrier. Discuss the benefit to both the shipper and the common carrier with this arrangement.

---

Definitions:

Economic

Refers to the science that studies how goods and services are produced, distributed, and consumed.

Economic Assistance

Financial aid provided by countries or international institutions to support the economic development and welfare of disadvantaged regions or countries.

United States

A federal republic in North America, composed of 50 states, a federal district, and several territories, known for its large economy and diverse population.

Year

A measurement of time that represents the period it takes for the Earth to complete one orbit around the Sun, approximately 365 or 366 days.