cover note
cover note. A written statement by an insurance agent confirming that coverage is in effect. • The cover note is distinguished from a binder, which is prepared by the insurance company.
cover note. A written statement by an insurance agent confirming that coverage is in effect. • The cover note is distinguished from a binder, which is prepared by the insurance company.
cover v. 给…保险;投保(→binder; cover note) n.购买替代物权 在卖方违约后,买方有权购买替代物,即善意、及时地从公开市场上购买本应由卖方提供的货物作为替代。依照美国《统一商法典》〔U.C.C.〕第2-712条的规定,此时买方有权从卖方处获得损害赔偿,其数额为购买替代物的开支与原定合同价格的差额,并加上附加损失或间接损失,但应减去因卖方违约而使买方节省的支出。
A note requiring small periodic payments but a very large final payment. • The periodic payments usu. cover only interest, while the final payment (the balloon payment) represents the entire principal.
provisional policy 临时保险单 即暂保单〔cover note〕或每月报告保单〔monthly reporting policy〕。
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magistratus (maj-[schwa]-stray-t[schwa]s), n. [fr. Latin magister “a master”] Roman law. 1. A magistrate. 2. A magistrate’s office. “Magistratus. Denotes both the public office and the official himself. Magistracy was a Republican institution; under the Principate some magistratus continued to exist but with gradually diminishing importance; in the post-Diocletian Empire some former magistracies still exist but
A document of title that actually stands for the goods it covers, so that any transfer of the goods requires a surrender of the document. UCC § 7-104(a). [Cases: Bills and Notes 151; Warehousemen 15. C.J.S. Bills and Notes; Letters of Credit § 131; Warehousemen and Safe Depositaries § 36.]
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document of title. A written description, identification, or declaration of goods authorizing the holder (usu. a bailee) to receive, hold, and dispose of the document and the goods it covers. • Documents of title, such as bills of lading, warehouse receipts, and delivery orders, are generally governed by Article 7 of the UCC. See BAILMENT(1)–(3).
protest, n. 1. A formal statement or action expressing dissent or disapproval. • Under some circumstances, a protest is lodged to preserve a claim or right. 2. A notary public’s written statement that, upon presentment, a negotiable instrument was neither paid nor accepted. — Also termed initial protest; noting protest. Cf. NOTICE OF DISHONOR. [Cases:
Hadley v. Baxendale rule. Contracts. The principle that consequential damages will be awarded for breach of contract only if it was foreseeable at the time of contracting that this type of damage would result from the breach. Hadley v. Baxendale, 9 Exch. 341 (1854). • Hadley v. Baxendale is best known for its impact on
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