Actual Loss - Law Dictionary Search Results
valued policy law
to pay to the insured in case of total loss the full amount of insurance regardless of the actual value of the property at the time of the loss
Innkeeper
of their guests for board and lodging, but may not detain their persons or seize their clothing in actual wear. They are also liable for any loss of or injury to goods, money, and baggage of their
no-fault
plan under which someone injured in an accident is compensated usually up to a stipulated limit for esp. actual losses (as for property damage, medical bills, and lost wages) by that person's own insurer regardless of who … under which someone injured in an accident is compensated usually up to a stipulated limit for esp. actual losses (as for property damage, medical bills, and lost wages) by that person's own insurer regardless of who is
Keep your definitions linked to case research
Ship
insurers of goods) is limited by s. 503 of the Merchant Shipping Act, where there has been no actual loss or privity, to amounts varying with the tonnage of the ship. S. 502 protects the owner of a
Safe
State Commission for the purpose of investigation into the matter for deter-mining the question of quantum of loss actually caused to the respondent Bank, Oriental Insurance Co. Ltd. v. Samayanallur Primary Agricultural Coop. Bank, (1999) 8 SCC
full reporting clause
will not exceed that proportion of loss which the last reported value of the property bears to the actual value
partnership
securities min·ing partnership : a partnership in which two or more persons jointly own a mining claim and actually engage in extracting minerals with the purpose of sharing profits and losses non·trad·ing partnership : a partnership that … jointly own a mining claim and actually engage in extracting minerals with the purpose of sharing profits and losses non·trad·ing partnership : a partnership that is not engaged in the buying and selling of goods called also
Damage
11 (U.K.). A plurality of variants steaming out of a core concept is seen in such words as actual damages, civil damages, compensatory damages, consequential damages, contingent damages, continuing damages, double damages, excessive damages, exemplary damages, general … Damage, Any loss, whether actionable as an injury or not. See DAMNUM ABSQUE INJURIA. The expression 'damage' is not necessarily confined
Consideration
injury sustained by the promisee. It is not necessary that the consideration and promise should be equivalent in actual value, for it would be impossible precisely to determine whether, in a given case, the consideration were adequate, … and soul of a simple contractor parol agreement. Valuable consideration may be:-- (a) Benefit to the promisor or loss or injury sustained by the promisee. It is not necessary that the consideration and promise should be equivalent
Insurance
Income-tax Act, 1961 (43 of 1961), s. 80C, Expl. 1. Insurance, the act of providing against a possible loss, by entering into a contract with one who is willing to give assurance, that is, to bind himself … occur. In this contract, the chances of benefit are equal to the insured and the insurer. The first actually pays a certain sum, and the latter undertakes to pay a larger, if an accident should happen. The
- ‹ Prev
- 1
- 3
- 4
- Next ›
- Last »
Try the research workspace - 7 days free