Asked by Anibal Navarro on Jun 06, 2024

verifed

Verified

In a bailment, in some circumstances, the dollar amount of liability for any loss or damage to bailed goods can be limited by

A) common carriers.
B) warehouse companies.
C) ordinary bailees.
D) all of the choices.

Common Carriers

Businesses that provide transportation services to the public under the regulation of government agencies, typically involving the conveyance of goods or people.

Warehouse Companies

Businesses specializing in storing goods in large buildings known as warehouses until they are sold or distributed.

Ordinary Bailees

Individuals or entities temporarily holding property or goods belonging to another, with a responsibility to care for those goods but not the ownership rights.

  • Ascertain the scenarios enabling a bailee to minimize their accountability for any loss or damage incurred.
  • Differentiate between the liabilities of common carriers, ordinary bailees, and warehouse companies.
verifed

Verified Answer

VD
Vanessa DelgadoJun 10, 2024
Final Answer :
D
Explanation :
All of the choices listed (common carriers, warehouse companies, and ordinary bailees) can, under certain circumstances, limit their liability for loss or damage to bailed goods. This limitation is often subject to specific conditions and regulations, and may require clear communication or agreement with the bailor.