Direct Loss - Law Dictionary Search Results
Bailment
goods, to be kept for the use of the bailor. A restaurant keeper has been held liable for loss of an overcoat entrusted by a customer to a waiter, Ultzen v. Nicols, (1894) 1 QB 92; Orchard … to which the law usually attaches an obligation to redeliver the goods, or otherwise deal with them as directed, when the condition is satisfied; but there may be in particular cases a bailment without an enforceable obligation,
default
by filing suit, or by invoking a specific provision in the contract. Moratory damages may be recoverable for loss caused by the delay. 2 : failure to defend against a claim in court (as by failing to
contract
based on consideration. des·ti·na·tion contract : a contract for goods stipulating that the seller assumes the risk of loss from damage to the goods until they arrive at the destination specified in the contract compare shipment contract … the purchase price as agreed upon called also contract for deed land contract maritime contract : a contract directly relating to the navigation, business, or commerce of the high seas or other navigable waters and falling within
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Copyhold
became extinguished automatically unless the Minister of Agriculture extend the time, but a right to partial compensation for loss of profits or rights accruing before 1936 is still available. Unless and until the manorial incidents have been … of freehold, or even for a term of years. (5) The efforts of the Legislature have been much directed to the facilitation of enfranchisement, but the (English) Copyhold Act, 1841 (4 & 5 Vict. c. 35), and
Constructive trust
infant, but, if the renewed lease turn out not to be beneficial, the person renewing must sustain the loss; if beneficial, the infant can claim his share of the benefit to be derived from it. A renewing … trustee, and a volunteer claiming under him, as well as a purchaser from him with notice, will be directed to assign the lease free from incumbrances, except a bona fide lease made by him at the best
estoppel
the relitigation of issues litigated by the same parties on a different or the same cause of action direct estoppel : estoppel by judgment barring the relitigation of issues litigated by the same parties on the same … be adopted would unfairly harm another person who has relied on the previous position to his or her loss called also estoppel in pais NOTE: Traditionally equitable estoppel required that the original position was a misrepresentation which
Account or Accompt
not less than 18 months after incorporation and subsequently at least once in every year a profit and loss account and balance sheet, to copies of which shareholders of all companies, except private companies, are entitled. See … taken (R. S. C., Ord. III., r. 8), and in such cases the order made must include the directions which were usual in the Court of Chancery. (Ib., Ord. XV., rr. 1, 2.) As to the Court's
Insurance
Third Parties (Rights against Insurers) Act, 1930 (20 & 21Geo. 5, c. 25), gives third parties right to direct recourse against the insurers where the insured has insured against liabilities to third parties and the insured has … 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
Dealer, auction
The supply of medical stores to the Government institutions without any profit motive, on the basis of 'no loss, no profit', and unless it was found that the transactions had been carried on with aver to making … on business in U.P. and includes, inter alia a Government which undertakes buying, selling, supplying or distributing goods directly or indirectly for cash or deferred payment or for commission, remuneration or other valuable consideration, State of Uttar
Law Reform (UK)
damage; and the Court shall have power to exempt any person from liability to make contribution, or to direct that the contribution to be recovered from any person shall amount to a complete indemnity. (3) For the … act of omission which gives rise to the cause of action, shall be calculated without reference to any loss or gain to his estate consequent on his death, except that a sum in respect of funeral expenses
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