Loss - Law Dictionary Search Results
Collision of ships
Dodson, 85:-'In the first place, it may happen without blame being imputable to either party: as where the loss is occasioned by a storm or any other vis major, in that case the misfortune must be borne
Negligence
Grant v. Australian Knitting Mills Ltd., 79 SJ 815. Action by Representatives of Deceased Persons.--An action for pecuniary loss arising from negligence causing death passes to the representative or next of kin of the deceased, by the
Sue and labour clause
agents or servants, e.g., master and crew, can take every step to recover insured property in peril without loss of the rights under the insurance and to be repaid any expenditure which may be incurred by the
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Special damage
Special damage, such a loss as the law will not presume to be the consequence of the defendant's act, but which depends in
Res perit suo domino
Res perit suo domino (Bell Dict. 857), the loss falls on the owner. Where loss, damage, or delay of goods in transit arises from the act of
Salvage
Oleron, and Wisby, and is also allowed by all modern maritime states; the person who saves goods from loss or imminent peril has a lien upon them, and may retain them till payment of salvage. In this,
Dishonestly
Code. A person who does anything with the intention of causing wrongful gain to one person or wrongful loss to another person, Dr. S. Dutt v. State of Uttar Pradesh, AIR 1966 SC 523: (1966) 1 SCR
tax benefit rule
tax benefit rule : a tax rule requiring that if an amount (as of a loss) used as a deduction in a prior taxable year is recovered in a later year it must be
Consideration
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
pair-or-set clause
pair-or-set clause : a provision in an insurance policy giving the insurer the option in the case of loss of fewer than all items in a set to restore the set to its value before the loss
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