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Insurance

losses by burglary or by default of clerks, and, in fact, almost all kinds of risk, chance and liability, are now commonly insured against. Insurances are effected sometimes by companies or societies, and sometimes by individuals, the … distinction to other kinds of insurance; but the distinction has no legal significance, and is by no means strictly adhered to. As to the necessity for an 'insurable interest,' see the Life Assurance Act, 1774, mentioned above.

Debt

ward, Raja Ganga Pratap Singh v. Allahabad Bank Ltd., AIR 1958 SC 293: (1958) SCR 1150. Means any liability (inclusive of interest) which is claimed as due from any person by a bank or a financial institution … High Court is as follows:- 1. Funeral expenses, which in the case of an insolvent estate must be strictly reasonable and necessary only, the executor or administrator being personally liable for any excessive expenditure. What is a

Mortgage

an existing or further debt. Or the performance of an engagement which may give rise to a pecuniary liability. The transferor is called a mortgagor, the principal money an interest of which payment is secured for the … transfer of the mortgaged property subject to prior incumbrances (if any). The provisions of s. 115 should be strictly attended to, especially sub-ss. (1) and (2), ibid. the vesting effect of a receipt in this form (without

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Horses

as to these Acts, Moran v. Pitt, (1873) 42 LJ QB 47. As to the limitation of the liability of railway and canal companies for the carriage of horses, see s. 7 of the Railway and Canal … while the business of a 'knackers,' defined as a person whose trade it is to kill horses, is strictly regulated by ss. 5 and 6 of the Act and the regulations in the First Schedule thereto. As

Hire

faciendi may be subdivided into two kinds: (a) The hire of labour and services, or locatio operis faciendi, strictly so called: such are the hire of tailors to make clothes, of jewelers to set gems, and of … contract, or by law, or by custom. The contract may be dissolved or extinguished in respect to future liabilities in various ways: (1) by the mere efflux of time or the accomplishment of the object for which

Deed

parties, to be approved of by them on their client's behalf, the request of reading seldom occurs. In strict practice, the engrossment is examined with the draft by the solicitors of the parties before an appointment for … a trust, or any authority by a letter of attorney, or if he executes the deed, undertake any liability therein expressed to be undertaken by him, Halsbury, L. of Eng 'Deeds.' Under a deed-poll any person sufficiently

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