(1) Negligence: An affirmative defense in a claim of negligence where the defendant argues that the plaintiff obviously knew of a significant risk of danger in advance and, as such, assumed liability for the risk. For example, a person going mountain climbing understands that there are significant risks of danger of a fall. (2) Contract: When a party purchases a right from … [Read more...]

Beyond the reach of personal influence or control. Parties are said to deal "at arm's length" when each stands upon the strict letter of his rights, and conducts the business in a formal manner, without trusting to the other's fairness or integrity, and without being subject to the other's control or overmastering influence. … [Read more...]

(A) com. law. Insurance. (B) conveyancing. This is called a common assurance. But the term assurances includes, in an enlarged sense, all instruments which dispose of property, whether they be the grants of private persons, or not; such are fines and recoveries, and private acts of the legislature. Law Dictionary - Alternative Legal Definition In conveyancing. A deed or … [Read more...]

Before the court "The case at bar," etc. Dyer, 31. … [Read more...]

A person who has been Insured by some insurance company, or underwriter, against losses or perils mentioned in the policy of insurance. Brockway v. Insurance Co. (C. O.) 29 Fed. 766; Sanford v. Insurance Co., 12 Cush. (Mass.) 548. The person for whose benefit the policy is issued and to whom the loss is payable, not necessarily the person on whose life or property the policy is … [Read more...]