Question: Listed below are some technical terms introduced in our course: Demurrage Private Carrier Collateral Acceptance Breach of Contract Executed Contract Executory Contract Common Carrier Damages
Listed below are some technical terms introduced in our course:
| Demurrage | Private Carrier | Collateral |
| Acceptance | Breach of Contract | Executed Contract |
| Executory Contract | Common Carrier | Damages |
Each of the following statements may (or may not) describe one of these technical terms. In the space provided next to each statement, indicate/choose the term described, or selece "None" if the statement does not correctly describe any of the terms.
- Carrier that transports goods or people under individual contracts for a limited number of customers
- Any individual, firm, or company (other than government) engaged in business of transporting forhire, goods from place to place for all person indiscriminately.
- Money paid by a defendant to a successful plaintiff in civil cases to compensate the plaintiff for his or her injuries
- Fee charged for unreasonably delaying equipment of a common carrier
- Contract that has been completely carried out
- Contract which is in progress i.e. atleast any of party is not discharge of his commitment fully
| |
| Carrier that transports goods or people under individual contracts for a limited number of customers |
| Any individual, firm, or company (other than government) engaged in business of transporting for hire, goods from place to place for all person indiscriminately.
|
| Money paid by a defendant to a successful plaintiff in civil cases to compensate the plaintiff for his or her injuries |
| Fee charged for unreasonably delaying equipment of a common carrier |
| Contract that has been completely carried out
|
Contract which is in progress i.e. atleast any of party is not discharge of his commitment fully
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
