by Govt. Print. Off. in Washington .
Hearings held May 15-June 14, 1956.
|LC Classifications||HG9970.A32 A53|
|The Physical Object|
|Pagination||iv, 429 p.|
|Number of Pages||429|
|LC Control Number||56061717|
3 In , the Comptroller General issued an opinion (B, May 2, ; reconsid. 62 Comp. Gen. ()) stating that to comply with the Federal Anti-Deficiency Act, 31 U.S.C. , indemnity clauses in government contracts must specify that the indemnity is available only to the extent of available authorized appropriations. indemnity which is the subject of this survey because of its potential implications on another form of contractual indemnity: the liability insurance policy. The existence 1 Galliher v. Holloway, N.E.2d , (Ill. App. ). Common law indemnity is also referred to. section 16 of the Act are referred to as ‘an indemnity’ or ‘indemnity’. [Refer to ] The party indemnified Owner is indemnified As a matter of law, indemnity is in favour of the owner and is provided by the Secretary of State to the owner. It indemnifies the owner lending to File Size: KB. State and local government procurement offices have all dealt with contractor requests for indemnification and limitation of liability. This article distinguishes between the two provisions and covers two cases that illustrate what can go wrong. Rules Governing Damages and Liability.
From Wikipedia, the free encyclopedia Double Indemnity is a crime novel, written by American journalist -turned- novelist James M. Cain. It was first published in serial form in Liberty magazine in and then was one of "three long short tales" in the collection Three of a Kind. An indemnity is a contractual promise to accept liability for another's loss. It is a primary obligation because it is independent of the obligation of a third party (principal) to the beneficiary of the indemnity (beneficiary) under which the loss arose. For more information on indemnities, see Practice note, Contracts: indemnities. Ensure the obligations under the indemnity can be met. It is important to take into account the capacity of the party giving the indemnity to meet the indemnity. A broadly worded indemnity clause will be worthless to an indemnified party if the party giving the indemnity does not have the financial resources to make good on its promise. Indemnity, respectively. The insurance policy is a classic example of a contractual indemnity. For another example of an indemnification provision, see Standard Clauses, General Contract Clauses: Indemnification (OH) (w). In many cases, parties negotiating an indemnity clause also negotiate a defense clause (see Obligation to Defend).
Tax Indemnity. From and after the Closing, Buyer shall be indemnified by H&H Group from and against (i) any Taxes of the Company, Newco and the Sold Subsidiaries for all Pre-Closing Tax Periods (including, for the avoidance of doubt, any such Taxes arising out of or related to the Reorganization Transactions), (ii) any Taxes imposed on or incurred by the Company, Newco or any Sold Subsidiary. The policy that Mr. Dietrichson just unwitting signed carries a double indemnity clause which pays off double the face value in the event of death from a rare accident such as falling off a train. Phyllis and Walter make arrangements for it to appear as if Mr. Dietrichson . e Indemnity is a contractual obligation of one party (indemnifier) to compensate the loss incurred to the other party (indemnity holder) due to the acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to . An indemnity is a legally binding promise whereby the Commonwealth undertakes to accept the risk of loss or damage another party may suffer. A guarantee is a promise whereby the Commonwealth assumes responsibility for the debt, or performance obligations .