Which of the Following Are Types of Common-Carrier Delivery Contracts

question 59

Multiple Choice

Which of the following are types of common-carrier delivery contracts?

• A) Origin contracts
• B) Destination contracts
• C) Transfer contracts
• D) Origin, destination, and transfer contracts
• E) Origin and destination contracts, but not transfer contracts

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Definitions:

Contractual Right

A legally enforceable claim that arises out of a contract, allowing the holder to demand performance or compensation.

AASB 132

The Australian Accounting Standards Board standard relating to financial instruments, covering the presentation, classification, and disclosures of financial instruments.

Financial Asset

An asset that derives value from a contractual claim, such as bank deposits, bonds, stocks, and derivatives.

Equity Instrument

A financial instrument that signifies ownership in a company and represents a claim on part of the company's assets and earnings.