Question: Early merchants practiced risk sharing by Select one: A . Having a number of merchants putting their goods on a single ship so that all
Early merchants practiced risk sharing by
Select one:
A Having a number of merchants putting their goods on a single ship so that all merchants would suffer equally were there a loss.
B Having the merchant, shipper, and buyer of the goods all agree to bear any loss to the goods equally.
C Having several merchants spread their goods among several ships, thereby reducing the chance of any one merchant losing evity thing.
D Having someone other than the merchant ship the goods so that this other party would be held at least partly responsible for any loss to the goods.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
