Contract Clauses That Limit a Common Carrier's Liability Are Void

question 22

True/False

Contract clauses that limit a common carrier's liability are void as contrary to public policy.

---

Definitions:

Net Income

The profit of a company after all expenses and taxes have been subtracted from total revenue.

Operating Activities

Transactions and other events related to the core business operations of a company, including revenue and expense transactions that affect the net income.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.

Net Cash Flow

The difference between a company's cash inflows and outflows in a given period.