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Insurance Law

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2003

Admiralty

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Harmonization Of Warranties And Conditions: Study And Proposals, Graydon S. Staring Jan 2003

Harmonization Of Warranties And Conditions: Study And Proposals, Graydon S. Staring

Graydon S. Staring

In the interest of harmonizing marine insurance across state and national borders, the word "warranty" should be abandoned and all true conditiona precedent be called "conditions", with the consequences of breach specified, and in appropriate instances coverage be excluded only as to losses caused by the breach.