Question 3065 Deck General

The correct answer is A) a successful venture. The requirement for a general average act is that there must be a successful venture. A general average act refers to the principle in maritime law where all parties involved in a sea venture must proportionately share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency. For a general average act to apply, the venture must be successful in ultimately saving the ship and cargo, even if some losses were incurred along the way. The other options are incorrect because a general average act does not require no imminent peril (B) or no losses (C). In fact, the whole purpose of a general average act is to address situations where there were losses that had to be shared among the parties involved in the venture.