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of the lease contract. 3 : to terminate (an insurance policy) before the end of policy period usually as allowed by

Letter of cover

contains a contract of insurance but it is not a policy of insurance in the common understanding of that word in

Comity of Nations

and is inadmissible when it is contrary to its known policy or prejudicial to its interests. In the silence of any

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Constructive total loss

imminent, or its ultimate arrival under the terms of the policy, though not utterly hopeless, yet exceedingly doubtful. In such a

Custom and usage

rule is certain and not unreasonable or opposed to public policy; and Provided further that in the case of a rule

Executive function

away. The executive function comprises both the determination of the policy as well as carrying it into execution. This evidently includes

Fraud

transactions are held to be fradulent, as contrary to general policy, or to fixed legal principles; as marriage-brokerage bonds, and contracts

Under-inclusive classification

the legislature might not be fully convinced that the particular policy which it adopts will be fully successful or wise. Thus

Politi' legibus non leges politiis adaptanda

Politi' legibus non leges politiis adaptanda [Lat.], policy is to be adapted to the laws, and not the

Seaworthy

effected upon her it will be void. In a voyage policy a warranty of seaworthiness is implied, but not in a

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