Day: September 25, 2020

The nature and amount of the deceased property Any past, present or future, capital or income from any source of the dependant. The existing and future means and needs of the dependant Whether the deceased had made any advanced or Read More …

Double insurance This is a situation where an insured takes out more than one policy on the same subject matter and risk with different insurers but where the total sums insured exceeds the value of the subject matter. The subject Read More …

To accept and carry goods of any person on payment of the reasonable charges of hire, provided there is room in his vehicle. But he is not bound to transport such goods as he does not profess to carry or Read More …

Blank endorsement This is an endorsement which does not specify the person to whom or to whose order the bill is payable. It’s effect is to convert the order bill into a bearer bill. Special endorsement This is an endorsement Read More …

Discharge by agreement A contract is discharged by agreement when the parties thereto agree to discharge it. It is justified on the premise that whatever is created by agreement may be extinguished by agreement. Discharge by agreement may be bilateral Read More …