ADM 3360 Lecture Notes - Lecture 4: Liability Insurance, Insurable Interest, Property Insurance

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Document Summary

You can"t trust people unless you can prove what you"re doing is documented. Release information at any given point that someone could blackmail you with - that way it is legalized. How to write things and think in law. What are lawyers going to do to protect clients. Apply concepts to contract - judgment, opinion, way you think. 5 recommendations invent scenarios where things could go wrong and tell how contract fixes or doesn"t fix the problem. How to transfer the risk contract between an insured party and a corporation that will indignify or compensate when there is a wrongdoing, damage or injuries pertaining to specific events that are spelled out in the agreement. Check exclusions in insurance contract terrorism for example, act of god. Only have 4 fingers in law, thumb doesn"t count. Finger at joint of your hand if it gets cut high, you still have your finger.

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