Defining whether a claim is contingent or prospective It is then necessary to consider whether a latent defect claim falls within the definition of a contingent or prospective claim so as to be exting…

A Little understood term results in Boat Owners Not Taking Advantage of Insurance Coverage – Most yacht policies have a latent defect clause which provides specific coverage for latent defects, while others specifically exclude latent defects from coverage. The term latent defect in maritime use is widely misunderstood, for it is not the same thing as with common law usage.

1. General: Frailty or shortcoming that prevents an item from being complete, desirable, effective, safe, or of merit, or makes it to malfunction or fail in its purpose.

Hidden defect in material and/or workmanship of an item which may cause failure or malfunction, but is not discoverable through general inspection.Also called hidden defect. See also patent defect.

The courts have contorted the definition of “latent” beyond recognition. For instance, courts have held that defects in roadways that cannot be seen by users until they actually encounter them (for in…

In the law of the sale of property (both real estate and personal property or chattels) a latent defect is a fault in the property that could not have been discovered by a reasonably thorough inspection before the sale.. The general law of the sale of property is caveat emptor (let the buyer beware) and buyers are under a general duty to inspect their purchase before taking possession.

No Down Payment Mortgage Edmonton Nov 11, 2018  · Meanwhile, Edmonton residents used 22.7 per cent of their pay cheque for mortgage, a 0.1 per cent decline year over year … needed an average of 34.9 months to save for their minimum down payment. Fo… No Down Payment Mortgages in Edmonton. No down payment mortgages have not gone away for home

Noun. They examine their products for defects. She was born with a heart defect. Vanity and pride were his two worst character defects.. Verb. The Russian scholar defected in 1979. She defected from the conservative party. He defected to the West before the war began. The reporter defected to …

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Lastly, it should be observed that the warranty against latent defects is separate and distinct from the … provided that s/ …

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