Why State Law Are Sometimes Applied In A Federal Court The reason why state laws are sometimes applied in a federal court us because many cases are heard in a federal court. The reason because most other those cases got there on the jurisdiction basis of diversity, under federal law. Parties who are citizens of …
The Difference Between a Preliminary Inquiry and an Offer A Preliminary Inquiry is like a fishing expedition. The parties merely discuss what they’d hypothetically be willing to offer or accept, this is to test whether a party had presented an offer, or asked whether a reasonable person would think that no more than an acceptance …
Motor Insurance Policy and It’s Effects on General Insurance Contract The Motor Insurance policy should also be given as much scrutiny as any other insurance policy, it is very much part of a contract. just like any other contract, it has to fulfill the requirements of a valid contract as laid down in the contract …
The Concept Of Miscellaneous Insurance Policy in a Contract The Miscellaneous insurance policy is equally as important as the other insurance policies I’ve previously discussed. The miscellaneous insurance came as a result of the fact that some clauses are necessary but they are not popular enough to be given a full policy of their own. …
The Need and Importance For Underwriting in Modern Insurance The need for underwriting in insurance is as integral as insurance itself. The need arose because of some basic reasons, and the foremost of them would be to avoid the concept of adverse selection and certain other hazards. Also the need for underwriting is also important …
The Fidelity Guarantee Insurance In Relation To General Insurance Contract The Fidelity Guarantee Insurance (FGI) is a necessity in today’s scenario where each day new frauds are discovered. The necessity manifest itself in the insistence by the GOI and the state government on their employees obtaining their policies. Fidelity guarantee insurance covers the employer against …
How Do Statues Compliment Common Law with Codes Although Contract Law is traditionally common law, statues by legislature are increasingly taking over the role of common law. The courts have to follow through laws enacted by the legislature, so if the law has a statue on point, that should be the starting point for a …
The Concept of Certificate of Insurance in Modern Insurance Contract A Certificate of Insurance is just as important as the policy itself, many would argue it is very well needed to verify the policy’s existence. But before I go further, I would want us to discuss the term slip and how it’s central to an …