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The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a " guarantee " is an obligation of one party (the guarantor ) to another party to perform the promise of a relevant other party if that other party defaults .
The example of permitting assignment under specified circumstances is: An example: The hulls and freight clauses contain a similar "assignment clause" which states that no assignment is binding unless a dated notice of assignment, signed by the assured is endorsed on the policy and the policy is produced before payment of claim or return of ...
For example, a prosecutor may try to bolster his case by bringing in an expert witness to explain the behavior of one of the key witnesses. If the judge allows the expert to testify that there was a reason to explain away inconsistencies in the witness's testimony, this will most likely be grounds for an appeal, as in most cases evidence that ...
Content of statement: It is necessary to consider what was said in the given context, which has nothing to do with the importance of a statement. Knowledge and expertise : In Oscar Chess Ltd v Williams , [ 12 ] a person selling a car to a second-hand car dealer stated, as per a document received when he bought it, that it was a 1948 Morris ...
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In the UK, escrow accounts are often used during private property transactions to hold solicitors' clients' money, such as the deposit, until such time as the transaction completes. [4] Other examples include: Purchases of a second-hand car, where the money is held in the name of the buyer in a temporary bank account
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