Rohan Created a Bailment by Providing Goods to Hi-Way Transport

question 43

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

---

Definitions:

Perfectly Competitive

A market structure where many firms offer a homogeneous product, there are no barriers to entry or exit, and all firms are price takers.

Oligopolistic

Oligopolistic refers to a market structure characterized by a small number of large firms dominating the market, leading to limited competition.

Marginal Cost

The extra expense derived from the production of an additional unit of a product or service.

Perfectly Competitive

A market structure characterized by a large number of firms selling identical products, with no single firm able to influence the market price.