The function of a clause in a warehouseman's contract containing a description of the extent to which the bailee is liable for damage is to signal which party should buy insurance on the item being stored.

Question

Quizplus · Accepted Answer

The clause in the warehouseman's contract regarding liability for damage helps identify which party has the responsibility for covering potential losses, and therefore which party should purchase insurance to protect against those losses.

The Function of a Clause in a Warehouseman's Contract Containing