What Was the Result in the Peerless Case Discussed in the Text

question 71

Multiple Choice

What was the result in the Peerless case discussed in the text in which there were two ships named Peerless and the parties disagreed over which ship was the subject of the contract?

• A) The court rescinded the contract.
• B) The court ruled that the older ship would be identified to the contract.
• C) The court ruled that the newer ship would be identified to the contract.
• D) The court ruled that the defendant would be allowed to choose which ship would be identified to the contract.
• E) The court ruled that the plaintiff would be allowed to choose which ship would be identified to the contract.

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Definitions:

Economic Conditions

The state of the economy at a given time, including factors such as inflation rates, unemployment levels, and the overall economic growth or recession.

Opium of the People

A metaphor used by Karl Marx to describe religion's role in pacifying and distracting the masses from their immediate sufferings and injustices, creating false consciousness.

Capitalist Development

refers to the process of economic growth and change within societies that emphasize private ownership and market competition.

Buddhism

A spiritual tradition and religion based on the teachings of Buddha, focusing on personal spiritual development and attainment of deep insight into the true nature of life.