Rohan Created a Bailment by Providing Goods to Hi- Way

question 64

Multiple Choice

Rohan created a bailment by providing goods to Hi- way Transport Co (HTC) , which is a common carrier. The goods were damaged during the bailment. Which of the following statements is TRUE?

• A) The bailor is treated as an insurer.
• B) HTC may be held liable only if there is proof that it was at fault.
• C) If Rohan's goods are covered by first party insurance, his insurer may eventually be entitled to receive money from HTC.
• D) HTC cannot be considered a common carrier if it occasionally turns away business because it lacks space.
• E) Given the nature of the parties' relationship, HTC cannot be protected by an exclusion clause.

---

Definitions:

Economists

Professionals who study the production, distribution, and consumption of goods and services, and analyze economic issues and behaviors.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit, such as purchasing assets or stocks.

Economic Term

A concept or terminology used within the field of economics to describe processes, theories, or phenomena related to how goods and services are produced, distributed, and consumed.

Opportunity Cost

Giving up potential improvements from various alternatives by choosing one option.