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To terminate the sales and purchase contract, there are two main procedures and the buyer must follow these steps: Firstly, the buyer should put a notice to inform the seller that there is an encumbrance he/she is aware of and, secondly, the buyer should seek clarification on the seller's intention concerning the encumbrance by specifically ...
The arbitrators of the case, by a majority, decided in favour of Mercator. They held that the loss from getting a lower price on the next chartering contract was within the first rule in Hadley v Baxendale [3] as arising "naturally, i.e. according to the usual course of things, from such breach of contract itself".
The Lloyd's Open Form, formally "Lloyd's Standard Form of Salvage Agreement", and commonly referred to as the LOF, is a standard form contract for a proposed marine salvage operation. Originating in the late 19th century, the form is published by Lloyd's of London and is the most commonly used form for international salvage.
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See more images No 1, The Terrace Pembroke Dock SM9603803521 51°41′36″N 4°57′09″W / 51.693252420968°N 4.9525128244509°W / 51.693252420968; -4.9525128244509 (No 1, The Terrace) 18 January 1974 House formerly listed together with the Commodore Club 6454 No 2, The Terrace Pembroke Dock SM9606303504 51°41′35″N 4°57′08″W / 51.693108890757°N 4. ...
The Marine Insurance Act 1906 (8 Edw. 7. c. 41) is a UK act of Parliament regulating marine insurance. The act applies both to "ship & cargo" marine insurance, and to P&I cover. The act was drafted by Sir Mackenzie Dalzell Chalmers, who had earlier drafted the Sale of Goods Act 1893. The act is a codifying act, that is to say, it attempts to ...
C Mitchell and P Mitchell (eds), Landmark Cases in the Law of Contract (2008) Bishop, Beale and Furmston, Contract Cases and Materials (2008) 429, who give a useful analogy for this case, "if Furmston were to sell his cottage, 'known as Denning's Orchard' to Beale, would Beale be able to get out of the contract on the grounds that the cottage had never belonged to anyone called Denning and ...
Under the ILA's former contract with USMX, which expired on Monday, starting pay for dockworkers was $20 per hour. That rose to $24.75 per hour after two years on the job and to $31.90 after three ...