Contract Law

What is Insurable Interest

The doctrine of Insurable Interest: Meaning and Case laws

In this article, we will discuss what’s insurable interest and matters incidental thereto. The most significant principle when it comes to the enforceability of insurance contracts is the principle of insurable interest. It is the interest in the subject matter of the insurance. This concept was developed later to distinguish insurance contracts from wagering contracts …

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Bailment (Section 148-171 of Indian Contract Act, 1872)

Meaning of Bailment: Bailment is derived from the French word ‘bailer’ means ‘to deliver a thing under a control’ its a relationship in common law where physical possession but not ownership of personal property, is transferred from one person to another for a specific reason or purpose with a condition to return goods when the purpose …

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