Shelly Opp lived in California with her husband, Richard. Shelley and Richard separated, and Shelley moved to Illinois.Ten months after the separation, Shelley entered into an agreement with a moving company to pick up her personal property in California and deliver it to her in Illinois.She indicated to the moving company that she wanted full insurance on her property. The Estimate later sent provided that, at the time of pickup, Shelley or her agent would need to indicate the insurance level for the goods. If not selection was made, the carrier would provide the standard level of insurance at $0.60 per pound.

The day of the move, Shelley was in Illinois. She asked her husband to meet the movers, and she advised the movers that someone would be there at the California address to let them in and collect her belongings.Richard met the movers, let them in, and signed the bill of lading, electing the standard $0.60 per pound insurance.On the way to Illinois, the truck was hit by a train, resulting in the total loss of her property.The carrier claimed it was only liable $2,625 - based on the $0.60 per pound insurance coverage.Shelley insisted that they pay the full insurance value.

Is the carrier liable?

2. Bravario hires Hermano, a licensed securities broker, to manage his $700,000 portfolio of assets.Bravario wants Hermano to follow his existing investment strategy, which included investing only 5% of his assets in any one investment, and not borrowing money to invest.

Hermano subsequently invests $70,000 in Enron stock, and borrows $30,000 on a line of credit in Bravario's name, opened by Hermano.The stock subsequently becomes valueless, but Bravario does not want to be liable on the Wells Fargo loan.

Is Bravario liable?