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A navigation error caused a cargo ship .18 to run aground on a reef. The ship, valued at $1.5 million, was carrying $1.5 million in
A navigation error caused a cargo ship .18 to run aground on a reef. The ship, valued at $1.5 million, was carrying $1.5 million in grain and $1.5 in electronic devices. The ship sustained $150,000 in physical damage. If this loss is a "particular ?average" loss, how will the loss be settled * (2 ) The owners of each of the three interests are responsible for $50,000 The owner of the ship is responsible for the entire $150,000 loss The two cargo owners are each responsible for $75,000 of the loss The owners of each of the three interests are responsible for $50,000 The owner of the ship is responsible for the entire $150,000 loss The two cargo owners are each responsible for $75,000 of the Joss The owner of the ship is responsible for the first $100,000 of the loss, and the two cargo owners are each responsible for $25,000 of the loss
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