CN Rail agreed to transport $2 million worth of electronic parts for Sony Inc The CN train derailed and the parts were completely destroyed. The limitation clause in the bill of lading limited CN's liability to $50,000
Sony noticed however that the bill of lading had not been signed. As a result
A) CN is fully liable for the $2 million loss as it was negligent
B) CN can use the limitation clause and is only liable for $50,000 even though it was not signed
C) Sony and CN will share the liability equally because the bill of lading was not signed
D) CN can only use the limitation clause if it brought the clause to Sony's attention when the deal
was made
E) CN can only use the limitation clause if the bill of lading was signed and the clause was brought to Sony's attention
B
You might also like to view...
According to Maxwell, "_________ doesn't necessarily make character, but it certainly does reveal it."
a. leadership b. stress c. crisis d. passion e. your values
If purchased liquidity is used by a DI to fund an exercised loan commitment
A. the balance sheet will decrease by the amount of the new loan. B. only the asset side of the balance sheet will increase. C. the balance sheet will increase by the amount of the new loan. D. only the liability side of the balance sheet will increase. E. there will be no effect on the balance sheet.