Ocean Carriers Are Liable If Cargo Is Damaged as a Result

question 26

True/False

Ocean carriers are liable if cargo is damaged as a result of the ship being taken over by pirates,if the seizure or damage was foreseeable and the carrier failed to take necessary preventive measures.

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Definitions:

Mixed Economy

An economy in which production and distribution is done partly by the private sector and partly by the government.

Pure Communism

An idealized form of communism in which there is no need for a state and goods are distributed according to people's needs.

China

The world's most populous country, with a complex economy that is one of the largest globally and a rich cultural history.

Soviet Union

A former federal socialist state in Eastern Europe and Northern Asia, existing from 1922 until its dissolution in 1991, comprising multiple Soviet republics.