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After the Passage of the Staggers Rail Act of 1980

question 34

Essay

After the passage of the Staggers Rail Act of 1980 the railroads have improved service to their customers. Describe these areas of improvement.


Definitions:

Unconditional Promise

A firm commitment or guarantee without any stipulations or requirements for its fulfillment.

Delegator

A party in a contract who transfers his or her duties to perform to a third party who is not part of the original contract (a delegatee).

Endorsement

The act of signing the back of a financial document or negotiable instrument, thereby transferring rights or authorizing actions related to the document.

Delegatee

A third party who is not part of the original contract but to whom duties to perform are transferred by one of the contracting parties (a delegator).

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