The USlaw That Governs the Liability of an Ocean Carrier for for Transporting

question 43

Multiple Choice

The U.S.law that governs the liability of an ocean carrier for transporting goods from one U.S.port to a foreign port is the:

• A) The Hague Rules.
• B) The Uniform Commercial Code.
• C) The Harter Act.
• D) The Carriage of Goods by Sea Act.

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Definitions:

Compounded Monthly

The process where interest earned is added to the principal sum each month, which then earns further interest.

Inheritance

Assets or property received from someone who has passed away, often as dictated by a will or the laws of intestacy.

Investment

Assigning funds with the goal of achieving returns or making a profit.

Compounded Annually

interest calculation method where the interest is added to the principal once a year.