Practice question
Under Article 1749, which value-limitation arrangement is expressly recognized?
- Any secret value fixed after the loss
- Always zero recovery
- The bill-of-lading value unless the shipper or owner declares a greater value
- Only an officer’s personal guess
- An unlimited exclusion of every duty
Legal references
- Civil Code, Articles 1732-1733, 1745-1754 and 1758-1763: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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