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Loss and damage (in the context of climate change) is a concept to describe results from the adverse effects of climate change and how to deal with them (beyond climate change adaptation). [1] There has been slow progress on implementing mitigation and adaptation. Some losses and damages are already occurring, and further loss and damage is ...
In 1978, Marks re-examined the reparation clauses of the treaty and wrote that "the much-criticized 'war guilt clause', Article 231, which was designed to lay a legal basis for reparations, in fact makes no mention of war guilt" but only specified that Germany was to pay for the damages caused by the war they imposed upon the allies and "that ...
It is not possible to adapt to all effects of climate change: even in the case of optimal adaptation, severe damage may still occur. The Paris Agreement recognizes loss and damage of this kind. [126] Loss and damage can stem from extreme weather events, or from slow-onset events such as the loss of land to sea level rise for low-lying islands. [60]
Adjustment of claims is not confined to claims against insurance companies. An allowance made by a creditor, particularly a storekeeper, in response to a complaint by the debtor respecting the accuracy of the account or other claim, or a reduction in the claim or account made to induce a prompt payment, is in a proper sense an adjustment. [2]
A mortgagee clause protects your lender if the property you borrowed to buy is damaged or destroyed, ensuring it gets reimbursed for its share of the loss. The mortgagee clause’s coverage allows ...
Risk of loss is a term used in the law of contracts to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. Such considerations generally come into play after the contract is formed but before buyer receives goods, something bad happens.
A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.
The measure of loss or damage here is generally the same as it is in contract law or tort law. Since 2004, if a victim contributed to the loss or damage that they suffered, then the court can reduce the amount of damages that they are awarded, in a similar fashion to the reduction of damages in a negligence claim if the plaintiff is guilty of ...