What is diligence needed to be observed by common carrier

Assignment Help Business Law and Ethics
Reference no: EM133312227

Assignment:

Choose the best answer and EXPLAIN YOUR ANSWER IN EACH ITEM.

1. The following are essential requisites of a contract EXCEPT

a. Consent

b. Object

c. Cause or consideration

d. Payment

2. Which of the following cannot be made as an object of a contract?

a. All things which are not outside the commerce of men

b. All rights which are transmissible

c. All services which are not contrary to the law

d. Impossible things or service

3. It is in this stage when the parties negotiate the object, price, and other terms and conditions

a. Consummation

b. Perfection

c. Extinction

d. Generation

4. It is one of the characteristics of contract that takes effect only between the parties, assigns, and their heirs.

a. Relativity

b. Mutuality

c. Enforceability

d. Consensuality

5. What is the diligence needed to be observed by the common carrier?

a. Ordinary Diligence

b. Utmost Diligence

c. Diligence of a good father of the family

d. None of the above

6. One of the characteristics of a contract is that, the validity, performance, or compliance of which cannot be left to the will of only one of them. What characteristic of a contract is described?

a. Autonomy

b. Mutuality

c. Relativity

d. Obligatory Force

7. Certain lawful, voluntary, and unilateral acts give rise to this juridical relation to the end that no one shall be unjustly enriched or benefited at the expense of the other.

a. Law

b. Contracts

c. Quasi-Contracts

d. Delicts

8. When is the contract perfected?

a. Upon delivery of the thing

b. Upon the execution of the written document

c. Upon the meeting of the minds

d. By simultaneous act of giving the payment and the object

9. Mr. X engaged the services of Magsay Shipping lines a common carrier, to the transport his cargo from Manila to Mindanao. In case of loss due to the faukt of the shipping lines, X may cover damages based on:

a. Delicts

b. Quasi Delicts

c. Contracts

d. Quasi-Contract

10. Mr. X, a businessman entered a contract of loan with Mrs. Y amounting to 100,000.00 pesos payable on October 20, 2011. However, on the said date, Mr. X failed to pay the loan. What is the best remedy of Y?

a. To file a case for collection of money against Mr. X

b. Just wait for Mr. X to pay it

c. To write an demand letter to Mr. X

d. All of the above

Reference no: EM133312227

Questions Cloud

Identify 2 technology tools : Identify 2 technology tools, and discuss their use by HR during the employee recruitment process.
Why is important for rights of domestic workers in antigua : Why it is important for the rights of domestic workers in Antigua and Barbuda to be protected via ILO Convention 189 in terms of its superiority to the Antigua.
Discuss the relationship of human law to the natural law : In class, we also discussed the relationship of human law to the natural law. Should human laws reflect this natural law judgment? Why?
Concept of fiduciary duties and ultra vires : From researching, explain the legal concept of fiduciary duties and ultra vires. Highlight 4 duties of an agent to the principal.
What is diligence needed to be observed by common carrier : What is the diligence needed to be observed by the common carrier? a. Ordinary Diligence b. Utmost Diligence.
What is meant by the concept conflict of interest : What is meant by the concept conflict of interest and what is expected of a Director should a conflict of interest exist in a corporate entity?
Should falcon be able to sue eagle : Considering the actions of George, Steve, and Sara, are there any legal issues? Should Falcon be able to sue Eagle? Why or why not?
Why might the effect of extent of inflammation on severity : Why might the effect of extent of inflammation on severity be noticed before the effect of low antibody levels.
What is a niche : What is a niche? What is the difference between the fundamental and realized niche of an animal? What is demography? What are demes?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd