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A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [1] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the seller ...
South-Eastern Underwriters Association that the federal government could regulate insurance companies under the authority of the Commerce Clause in the U.S. Constitution and that the federal antitrust laws applied to the insurance industry. The Act was sponsored by Senators Pat McCarran (D-Nev.) and Homer Ferguson (R-Mich.
For example, within the United States, the federal government imposes 72-hour cooling-off periods for many consumer transactions completed at home or away from the seller's traditional place of business.
The court held that the intention of the parties in regard to the exemption clause was to substitute in the government's favour a right of recourse against the insurance company in the place of such rights of recourse as appellant had against Fibrespinners as bailee; the insurance policy in question covered the government for loss of the ...
WASHINGTON -- Secret Service agents on Friday officially said goodbye to “Deacon,” the code-name they used for former President Jimmy Carter, who had the longest-serving security detail in the ...
Even though there was no contract between them, because section 1(1)(b) applies to any notice excluding liability for negligence, and even though the surveyor's exclusion clause might prevent a duty of care arising at common law, section 13 "catches" it if liability would exist "but for" the notice excluding liability: then the exclusion is ...
Affordability is becoming a growing challenge for younger generations. Although they're often drawn to vibrant cities for their career opportunities and lifestyle perks, high housing costs make ...
Trump last month nearly caused the government to shutdown when he demanded at the 11th hour that a bipartisan temporary funding bill include provisions to suspend the debt ceiling.