A Treatise on the Law of Insurance of Every Kind Volume 3

A Treatise on the Law of Insurance of Every Kind Volume 3

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...declare the same before the loss, although the effect of not so declaring will be to make the policy an open, and not a valued, one.8 It will be observed that the wording of the clause relating to indorsement is the point upon which rests the determination of the relative, rights of the parties, and that in most of those cases where Dealers' Ins. Co. 15 Gray (81 Mass.) M Schacfer v. Baltimore Mutual 240. Ins. Co. 33 Md. 109. 19 Marx v. National Marine & Fire l Wells Fargo v. Pacific Ins. Co. Ins. Co. 25 La. Ann. 39. "No risk 44 Cal. 397. was to be binding till approved and zl Arnould on Marine Ins. (Per-entered. When this was done, the kins' ed. 1850) 327, 321; Id. (Mac-contract of insurance became oper-lachlan's ed. 1887) 315, citin9 Crew-ative, and it covered the property, ford v. Hunter, 8 Term Rep. l0n. whether lost or not lost, at the time of the abandonment," per Wyley, J. the decision was adverse to the claim of the insured it depended upon the fact that the contract lacked some essential necessary to its completion, or that the insured had failed to fully comply with what the court by its construction of the requirements of the policy deemed some condition precedent. Thus, in one case the modification of the value was not accepted; in others the premium was not fixed, or being fixed the terms were not accepted or the premium had not been paid or secured. Some of the cases seem to have been arbitrarily decided, and out of these arbitrarily made decisions arises a conflict with those cases wherein the courts have endeavored to follow principle and precedent. 1737. Gunpowder: marine risk.--Where gunpowder forms a part of the cargo, and is an article notoriously suitable to the market where it is destined, it will be covered by a...show more

Product details

  • Paperback | 596 pages
  • 189 x 246 x 31mm | 1,048g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236663861
  • 9781236663863