Juridical Dictionary

This dictionary contains:
8526
juridical terms

Lost or not lost






Lost or not lost

These words are sometimes inserted in policies of marine insurance. They are used when the underwriter undertakes that if the ship or goods should be lost at the time of the insurance, still the underwriter is liable, provided there is no fraud.

RELATED TERMS
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Marine
Whatever concerns the navigation of the sea, and forms the naval power of a nation is called its marine.

Insurance
Contracts. It is defined to be a contract of indemnity from loss or damage arising upon an uncertain event.

When
1) At which time, in wills, standing by itself unqualified and unexplained, this is a word of condition denoting the time at which the gift is to continence. 2) The context of a will may show that the word when is to be applied to the possession only, not to the vesting of a legacy; but to justify this construction, there must be circumstances, or other expressions in the will, showing such to have been the testator's intent.

Underwriter
Insurances. One who signs a policy of insurance, by which he becomes an insurer.

Ship
This word, in its most enlarged sense, signifies a vessel employed in navigation; for example, the terms the ship's papers, the ship's hushand, shipwreck, and the like, are employed whether the vessel referred to be a brig, a sloop, or a three-masted vessel.

Lost
What was once possessed and cannot now be found.

Time
Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions.

Liable
Legally responsible.

Fraud
Contracts, torts. Any trick or artifice employed by one person to induce another to fall into an error, or to detain him in it, so that he may make an agreement contrary to his interest. The fraud may consist either, first, in the misrepresentation, or, secondly, in the concealment of a material fact. Fraud, force and vexation, are odious in law.



SIMILAR TERMS
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Lost
What was once possessed and cannot now be found.

Lost papers
When a paper containing an agreement between parties, a will, and the like, has been so mislaid, that after a diligent search it cannot be found, it is said to be lost.



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Lord
In England, this is a title of honor. In the U. S. no such titles are allowed

Lord's day
The same as Sunday. Dies Dominicus non est juridicus.

Loss
contracts. The deprivation of something which one had, which was either advantageous, agreeable or commodious.

Loss in insurance
Contracts. A loss is the injury or damage sustained by the insured in consequence of the happening of one or more of the accidents or misfortunes against which the insurer, in consideration of the premium, has undertaken to indemnify the insured.

Lost
What was once possessed and cannot now be found.

Lost or not lost

Lost papers
When a paper containing an agreement between parties, a will, and the like, has been so mislaid, that after a diligent search it cannot be found, it is said to be lost.

Lot
Anything on which depends the accidental determination of a right by which we acquire or lose something; or it is that which fortuitously deter-mines what we are to acquire. When it can be certainly known what are our rights, we ought never to resort to a decision by lot; but when it is impossible to tell what actually belong to us, as if an estate is divided into three parts and one part given to each of three persons, the proper way to ascertain each one's part is to draw lots.

Lot of ground
A small piece of land in a town or city usually employed for building, a yard, a garden or such other urban use. Lots are in-lots, or those within the boundary of the city or town, and out-lots, those which are out of such boundary, and which are used by some of the inhabitants of such town or city.

Louisiana
The name of one of the new states of the United States of America. This state was admitted into the Union by the act of congress, entitled "An act for the admission of the state of Louisiana into the Union, and to extend the laws of the United States to the said state," approved April 8, 1812.

Low water mark
That part of the shore of the sea to which the waters re- cede when the tide is the lowest.

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This dictionary contains 8526 terms.