identify three reasons why a bailee may have temporary custody of the personal property of another - ANSWERfor repair
for safekeeping or storage
for delivery to others
identify three examples of businesses who may be bailees for hire - ANSWERsmall engine repair shops
dry cleaners
tai...
identify three reasons why a bailee may have temporary custody of the personal property of another
- ANSWERfor repair
for safekeeping or storage
for delivery to others
identify three examples of businesses who may be bailees for hire - ANSWERsmall engine repair
shops
dry cleaners
tailors
briefly explain the level of 'ordinary care' to be exercised by a bailee - ANSWERthere is a legal duty on
the bailee to take the same care of goods of others as would be taken by a prudent and diligent
owner of such goods
briefly explain how the level of 'ordinary care' may vary by the type of bailee - ANSWERmay vary with
the class of property over which bailment is being exercised (ex. jewelry vs. wheat)
identify two ways a bailee may be responsible for the goods of others - ANSWER-liable for loss to
customers property when the required level OF ORDINARY CARE HAS BEEN BREACHED because of
negligence
-purchase additional liability for customers property under contract (ex. if stolen by thieves)
, valued bill of lading
released bill of lading
when the value of goods is more than what is stated on the standard tariff (tax)
identify the liability of:
1) contract carriers
2) private carriers - ANSWER1) contract carriers- will be stated on his contract with the owner of the
property
2) private carriers- are responsible for the amount of the loss of goods carried by them
identify the four ways that the owners of goods may insure them under the inland transportation
insurance - ANSWERtransportation floater - broad form
transportation floater rider - limited form
motor cargo rider
trip transit policy
[TTMT]
identify the three types of property insured on a transportation floater - broad form * (3 types of
property a broad form can cover) - ANSWERowned by the insured
how are the goods valued under a standard (ordinary) bill of lading? - ANSWERamount is established
at a certain amount per kilogram/pound or parcel
identify two reasons to use a released bill of lading - ANSWERwhen the value of goods is less than
stated on standard (ordinary) bill of lading
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