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Business and Law, Or, the Careful Man's Guide; A Complete Legal and Business Compendium

Business and Law, Or, the Careful Man's Guide; A Complete Legal and Business Compendium


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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. 1906 Excerpt: ...for both parties. it is then called a valued policy. If in that policy the goods are valued at $500 and the loss is $250, the company pays only $250. If the loss had been $500 the company would have paid the whole loss. A full insurance is when value of property and value of policy are equal. Seaworthiness.--It is taken for granted that a vessel to be insured is seaworthy. The person insured, not the company, must take the risk. If the vessel proves to be not seaworthy the insurance is void, though both the insured and insurers were not aware of it. Lost or Not Lost.--These words in a policy have reference to the insurance of property on sea when neither the owner nor the company know whether it is already lost or not. The company take the risk, also, and will pay the loss at the time the contract is made. Abandonment.--If property is wholly lost the company pays the whole amount of its policy. If the partial loss be less than half the value of the property the company pays its due proportion of the loss. But if the loss is partial, but amounts to more than half the property in value, its owner has the right to give up to the company what remains, and claim the full amount of the "policy. This is called the right of abandonment. If the words "without right of abandonment" are in the policy the company can refuse to take the property. LITE INSURANCE Life Insurance is a contract to pay a certain sum of money on the death of a certain person or when he reaches a certain age. A Whole-life Policy is an agreement to pay a certain sum to the representatives of the insured mentioned therein on his death. An Endowment Policy is an agreement to pay a certain sum to the insured at the end of a fixed term, or to his representatives on his death, should t...


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Product Details
  • ISBN-13: 9781130763010
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 174
  • Spine Width: 9 mm
  • Width: 189 mm
  • ISBN-10: 1130763013
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 322 gr

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Business and Law, Or, the Careful Man's Guide; A Complete Legal and Business Compendium
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