Legal Word of the Day
Petition
The written document submitted to a court which
asks for the court to redress what is described in the petition as being an
injustice of some kind.
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parol evidence rule
Verbal evidence is inadmissible to vary or
contradict the terms of a written agreement.
Himalaya Clause
A clause in a transportation contract purporting to extend liability limitations which benefits the carrier, to others who act as agents for the carrier such as longshoremen.
A clause in a transportation contract purporting to extend liability limitations which benefits the carrier, to others who act as agents for the carrier such as longshoremen.
indemnity
Contract with a third-party to perform another's obligations if called upon to do so by the third-party, whether the other has defaulted or not.
Contract with a third-party to perform another's obligations if called upon to do so by the third-party, whether the other has defaulted or not.
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