Today,COGSA Allows Ocean Carriers to Put Clauses in Their Bills

question 63

True/False

Today,COGSA allows ocean carriers to put clauses in their bills of lading exonerating them from liability.

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Definitions:

Control

In a business context, the ability to direct the management and policies of a company, often through the ownership of a majority of shares.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, thus having partial ownership and interest in the company.

Shares

Units of ownership interest in a corporation or financial asset, which provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Patent Rights

Legal rights granted to an inventor or assignee to exclusively exploit an invention for a certain period of time.