Which of the Following Statements Describes the Applicable Standard Used

question 43

Multiple Choice

Which of the following statements describes the applicable standard used in determining the liability of a common carrier when harm befalls property that is the subject of a bailment placed in the care of the carrier?

• A)The carrier is liable only if gross negligence can be proven.
• B)The carrier is generally strictly liable for harm to the bailed property.
• C)The carrier is liable only if ordinary or gross negligence can be proven.
• D)Because of the doctrine of assumption of risk,the carrier is not liable for harm to the bailed property.
• E)The carrier is liable only if it can be proven that the carrier acted in a reckless manner.

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Definitions:

Aggregate Demand

The entirety of consumer and business demand for goods and services in an economy, assessed at an overall price level within a defined time span.

Decrease

A reduction in the quantity, size, or extent of something.

Output Levels

The quantities of goods and services produced by an economy over a specific time period.

Recessionary Gap

A situation where actual economic output is lower than the output that would be achieved at full employment, indicating underutilized resources.