Common carriers are usually li

Common carriers are usually liable when property is damaged, but they are not liable for “acts of God”—floods, hurricanes, and the like. Is this fair? If you send a friend an important item via UPS and the UPS truck is hit by a tornado, who should pay for the lost item? Isn’t UPS in a better financial position to pay for the loss? (In the end, the company might well offer to pay for the loss even though the law does not require it.) 5. If there has been no account activity for an extended period of time, state laws require banks to turn the customers’ property over to the state. State treasurers or comptrollers are responsible for holding the abandoned or lost property, which often includes money, watches, jewelry, and coins from abandoned safe deposit boxes. What rules should govern this property? How long should citizens have to claim it? What should the government do with unclaimed property?

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