Search results
Results From The WOW.Com Content Network
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Third party liability may refer to: Vicarious liability, a legal doctrine; Third-party liability in insurance This page was last edited on 7 ...
Whether a contract providing for a right to compensation or a right to set-off also gives rise to a "security interest" within the meaning of s. 224(1.3) ITA requires that the terms of the contract be carefully considered to determine whether the parties intended to confer on one party or the other "any interest in property [of the other party ...
An agent may also be liable to a third party if they lack the authority to contract for a principal. The agent may escape liability in this scenario if the third party knows the agent lacks authority, the principal ratifies/affirms the contract, or the agent notifies the third party of his lack of authority. [6]
In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".
Developing the trust with an aging parent to discuss these hard topics may take some time — even with a third party providing neutral facts and detailed definitions — but putting the ...
These cases are sometimes referred to as "third party premises liability" cases and they represent a highly complex and dynamic area of tort law. They pose especially complex legal issues of duty and causation because the injured party is seeking to hold a possessor or owner of property directly or vicariously liable when the immediate injury ...
Dix, the Amazon spokesperson, told Fortune that U.S. sellers with more than $10,000 in monthly sales are required to carry general liability insurance of at least $1 million, and that Amazon runs ...