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UNDERWRITER

UNDERWRITER

by Law Professor

(A) insurances. One who signs a policy of insurance, by which he becomes an insurer. 2. By this act he places himself as to his responsibility, in the place of the insured. He may cause a re-insurance to be made for his benefit; and it is his duty to act with good faith, and, without quibbling, to pay all just demands against him for losses. (B) An insurer, a person or entity … [Read more...] about UNDERWRITER

UNDERWRITE

by Law Professor

To provide a guarantee that all the shares of an initial public offering or issuance of stock will be purchased by the public or covered by an underwriter. A guarantee of an investment. … [Read more...] about UNDERWRITE

UNDER-TUTOR

by Law Professor

law of Louisiana. In every tutorship, there shall be an undertutor, whom it shall be the duty of the judge to appoint at the time letters of tutorship are certified for the tutor. 2. It is the duty of the under-tutor to act for the minor, whenever the interest of the minor is in opposition to the interest of the tutor. … [Read more...] about UNDER-TUTOR

UNDER-TREASURER OF ENGLAND

by Law Professor

He who transacted the business of the lord high treasurer. … [Read more...] about UNDER-TREASURER OF ENGLAND

UNDERTOOK

by Law Professor

Assumed; promised. 2. This is a technical word which ought to be inserted in every declaration of assumpsit, charging that the defendant undertook to perform the promise which is the foundation of the suit; and this though the promise be founded on a legal liability, or would be implied in evidence. … [Read more...] about UNDERTOOK

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