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Most insurance contracts are indemnity contracts. Indemnity contracts apply to insurances where the loss suffered can be measured in terms of money. Principle of Indemnity. This states that insurers pay no more than the actual loss suffered.
Lawful purpose: A valid contract must have a legal purpose that is enforceable in court. Capacity: A party to a contract must have the ability, or legal competence, to enter into a contract.
A deputy sheriff in the county where the other party can be located will serve the papers for a fee. The Court may waive or defer (postpone) this fee if the service will be done in Oregon. You can also pay a ?process server,? who is someone who works for a private company that delivers papers as a business.
In general, an insurance contract must meet four conditions in order to be legally valid: it must be for a legal purpose; the parties must have a legal capacity to contract; there must be evidence of a meeting of minds between the insurer and the insured; and there must be a payment or consideration.
Service may be made, subject to the restrictions and requirements of this rule, by the following methods: personal service of true copies of the summons and the complaint upon defendant or an agent of defendant authorized to receive process; substituted service by leaving true copies of the summons and the complaint at ...
An insurance policy is a legal contract between the insurance company (the insurer) and the person(s), business, or entity being insured (the insured).
When you buy a VSC you may think you are buying an insurance policy. This is because VSCs look like insurance policies. However, VSCs and insurance policies are actually different. An insurance policy is a contract between you and an insurance company.
Service contracts and warranties both provide some element of repair or maintenance for a specific period of time. The main difference is that warranties are included in the purchase price and service contracts cost extra.