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Common Carriers Are Not Liable for the Loss, Damage, or Destruction

question 84

True/False

Common carriers are not liable for the loss, damage, or destruction of goods caused by an act of God.


Definitions:

Principal

The initial amount of money borrowed or invested, excluding any interest or dividends.

Compounded Monthly

Interest on an investment or loan calculated and added to the principal amount on a monthly basis.

Future Payments

Payments that are scheduled to occur at future dates as part of a financial agreement or plan.

Debtor

A person or entity that owes money to another, typically as the result of a loan or other financial agreement.

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