subrogation by contract

subrogation by contract
See conventional subrogation.

Ballentine's law dictionary. . 1998.

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  • Subrogation — is the legal technique under the common law by which one party, commonly an insurer (I X) of another party (X), steps into X s shoes, so as to have the benefit of X s rights and remedies against a third party such as a defendant (D). Subrogation… …   Wikipedia

  • subrogation — sub·ro·ga·tion /ˌsə brō gā shən/ n 1: an equitable doctrine holding that when a third party pays a creditor or obligee the third party succeeds to the creditor s rights against the debtor or obligor; also: a doctrine holding that when an… …   Law dictionary

  • subrogation — An insurance process whereby a company that has paid out to a policyholder for a loss incurred recovers the amount of the loss from the party that is legally liable. Bloomberg Financial Dictionary * * * subrogation sub‧ro‧ga‧tion [ˌsʌbrəˈgeɪʆn]… …   Financial and business terms

  • conventional subrogation — A contract right of subrogation; subrogation founded upon some understanding or agreement, express or implied, and not arising merely from the equities of the situation. New York Ins. Co. v Tice, 159 Kan 176, 152 P 2d 836, 157 ALR 1233; a… …   Ballentine's law dictionary

  • Rome Convention (contract) — In Conflict of Laws, the Rome Convention is the Convention on the Law Applicable to Contractual Obligations and it opened for signature in Rome, Italy on 19th June 1980. The intention is to create at least a harmonised if not a unified body of… …   Wikipedia

  • legal subrogation — A right of subrogation existing independently of custom or statute and not dependent upon contract, assignment, privity, or strict suretyship, occurring as the legal consequence of the acts and relationship of the parties. 50 Am J1st Subro § 5.… …   Ballentine's law dictionary

  • legal subrogation — A right arising by operation of law. Federal Land Bank of Baltimore v. Joynes, 179 Va. 394, 18 S.E.2d 917, 920. Where one having liability, right, or fiduciary relation pays another s debt under circumstances equitably entitling former to rights …   Black's law dictionary

  • legal subrogation — A right arising by operation of law. Federal Land Bank of Baltimore v. Joynes, 179 Va. 394, 18 S.E.2d 917, 920. Where one having liability, right, or fiduciary relation pays another s debt under circumstances equitably entitling former to rights …   Black's law dictionary

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Fraser River Pile & Dredge Ltd. v. Can-Dive Services Ltd. — SCCInfoBox case name=Fraser River Pile Dredge Ltd. v. Can Dive Services Ltd. full case name=Fraser River Pile Dredge Ltd. v. Can Dive Services Ltd. heard date=Argued February 25, 1999 decided date=September 10, 1999 citations= [1999] 3 S.C.R.… …   Wikipedia

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