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Limitation clause: The clause places a limit on the amount that can be claimed for a breach of contract, regardless of the actual loss. Time limitation: The clause states that an action for a claim must be commenced within a certain period of time or the cause of action becomes extinguished.
The prosecution in a criminal case must prove beyond a reasonable doubt, not only a criminal act, but also a certain level of a guilty mind (mens rea), specified in the criminal statute. [3] actus reus: guilty act Part of what proves criminal liability (with mens rea). / ˌ æ k t ə s ˈ r iː ə s / ad coelum: to the sky
Directors and officers liability insurance (also written directors' and officers' liability insurance; [1] often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for ...
The Bharatiya Nyaya Sanhita (BNS) (IAST: Bhāratīya Nyāya Saṃhitā; lit. ' Indian Justice Code ') is the official criminal code in India.It came into effect on 1 July 2024 after being passed by the parliament in December 2023 to replace the Indian Penal Code (IPC).
In English law, with the exception of defamation which continues to apply the proper law test, s10 Private International Law (Miscellaneous Provisions) Act 1995 abolishes the "double actionability" test, and s11 applies the lex loci delicti rule subject to an exception under s12 derived from Boys v Chaplin [1971] AC 356 and Red Sea Insurance Co ...
Life insurance companies evaluate risk carefully, and a criminal history may increase perceived risk, particularly if the felony involved high-risk activities. However, each insurer has its own ...
At common law, when goods are carried by sea by a “common carrier” (a public carrier), then, if the contract of carriage does not contain an exception clause relating to seaworthiness, there is an absolute undertaking that the vessel is seaworthy.
A war exclusion clause or hostile acts exclusion is a common clause in insurance policies which excludes damage arising from a warlike act between sovereign or quasi-sovereign entities. [ 1 ] [ 2 ] [ 3 ] Insurance companies typically won't cover damages caused by war because such an event could cause damage that would be likely to bankrupt them ...