one third new for old

one third new for old
The familiar rule of marine insurance that in case of the partial loss of a vessel, there shall be deducted from the costs of repairs, chargeable to the insurer one third of the new materials replacing the old, on the theory that the new materials render the vessel that much more valuable than it was before the loss. 29A Am J Rev ed Ins § 1567.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • new for old — See one third new for old …   Ballentine's law dictionary

  • new — As an element in numerous compound terms and phrases of the law, this word may denote novelty, or the condition of being previously unknown or of recent or fresh origin, but ordinarily it is a purely relative term and is employed in contrasting… …   Black's law dictionary

  • new — As an element in numerous compound terms and phrases of the law, this word may denote novelty, or the condition of being previously unknown or of recent or fresh origin, but ordinarily it is a purely relative term and is employed in contrasting… …   Black's law dictionary

  • NEW YORK CITY — NEW YORK CITY, foremost city of the Western Hemisphere and largest urban Jewish community in history; pop. 7,771,730 (1970), est. Jewish pop. 1,836,000 (1968); metropolitan area 11,448,480 (1970), metropolitan area Jewish (1968), 2,381,000… …   Encyclopedia of Judaism

  • Third Orders — • Lay members of religious orders, i.e. men and women who do not necessarily live in community and yet can claim to wear the habit and participate in the good works of some great order Catholic Encyclopedia. Kevin Knight. 2006. Third Orders      …   Catholic encyclopedia

  • New York Rangers — 2011–12 New York Rangers season Conference Eastern …   Wikipedia

  • Old Dan Tucker — was first published in 1843. Sheet music editions from that year, such as this one from Charles H. Keith of Boston, name no composer. Written by Usually attributed to Daniel Decatur Emmett Published 1843 Language …   Wikipedia

  • New Testament — • Jesus Christ uses the words new testament as meaning the alliance established by Himself between God and the world, and this is called new as opposed to that of which Moses was the mediator Catholic Encyclopedia. Kevin Knight. 2006. New… …   Catholic encyclopedia

  • New Haven Line —      New Haven Line New Haven bound M8s pass through Port Chester, NY Overview …   Wikipedia

  • Old City of Bern — Old City of Bern * UNESCO World Heritage Site Bern s old city as seen from across the Aare River …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”