Most of the Goods Contained in a Freight Train (A

question 32

Essay

Most of the goods contained in a freight train (a common carrier)were destroyed when a tornado wrecked the train.The carrier was sued for damages by all the shippers that had merchandise on the train.Is the carrier strictly liable for the damage done to the goods by the tornado?

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Definitions:

Times Interest Earned Ratio

A financial metric that measures a company’s ability to meet its interest obligations based on its current earnings before interest and taxes.

Equity Multiplier

A financial leverage ratio that measures the portion of a company’s assets that are financed by its shareholders' equity.

Debt-to-Equity Ratio

A gauge of a firm's financial risk, determined by dividing its overall debts by the equity of its shareholders.

Year 2

A term often used to refer to the second year of a business operation, project timeline, or financial plan.