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.

  1. Carrier that transports goods or people under individual contracts for a limited number of customers
  2. Any individual, firm, or company (other than government) engaged in business of transporting forhire, goods from place to place for all person indiscriminately.
  3. Money paid by a defendant to a successful plaintiff in civil cases to compensate the plaintiff for his or her injuries
  4. Fee charged for unreasonably delaying equipment of a common carrier
  5. Contract that has been completely carried out
  6. 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

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