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- Title
SOME LIMITED-INTEREST PROBLEMS.
- Authors
GODFREY, EDWARD S.
- Abstract
The article focuses on the actions taken by the U.S. courts to tackle the problems that arise out of an insured property loss where the policyholder's interest in the damaged property amounts to less than full unencumbered ownership. It reports that the notion of indemnity which was used as a test for distinguishing insurance policies from wagering contracts are developed into a norm for ascertaining the proper measurement of recovery and are used by the courts. It however states that bailment cases are less complicated than the indemnity cases. It reports that mortgage cases where insurance could be taken by a mortgagee or mortgagor, are perfectly consistent with the idea of indemnity.
- Subjects
UNITED States; INSURED losses; POLICYHOLDERS; COURTS; INDEMNITY; WAGERS; INSURANCE policies; BAILMENTS; MORTGAGES
- Publication
Law & Contemporary Problems, 1950, Vol 15, Issue 3, p415
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189971