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In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".
The Baron de Mackau of France presenting demands to Jean-Pierre Boyer, President of Haiti, in 1825. The Haitian independence debt involves an 1825 agreement between Haiti and France that included France demanding an indemnity of 150 million francs in five annual payments of 30 million to be paid by Haiti in claims over property including Haitian slaves that was lost through the Haitian ...
The indemnity was proportioned, according to population, to be the exact equivalent to the indemnity imposed by Napoleon on Prussia in 1807. [9] German troops remained in parts of France until the last installment of the indemnity was paid in September 1873, ahead of schedule.
Continue reading → The post What Is an Indemnity Bond? appeared first on SmartAsset Blog. Surety bonds are instruments that create a legal obligation for one party to pay another. An indemnity ...
As a whole, an award for costs on the Indemnity Basis is much more favourable to the receiving party than an award of the Standard Basis. For example, in the case of Patrick Wang Ho Yin, Mr. Wang was ordered to pay $375,000 for a half-day hearing after the Court has found it reasonable to impose liability on an indemnity basis. In this case ...
Title insurance is a form of indemnity insurance, predominantly found in the United States and Canada, that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.
"1923" is a "Yellowstone" origin story. It first premiered in December 2022 on CBS’s Paramount+ streaming service. The Paramount Network also aired the first episode immediately following an ...
Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan.
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