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" Insurance is a contract upon speculation. The special facts, upon which the contingent chance is to * be computed, lie most commonly in the knowledge of the insured only : the underwriter trusts to his representation, and proceeds upon confidence that... "
Reports of Cases Argued and Determined in the Supreme Court of Ohio, New Series - Side 276
av Ohio. Supreme Court - 1914
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The Green Bag, Volum 26

Horace Williams Fuller, Sydney Russell Wrightington, Arthur Weightman Spencer, Thomas Tileston Baldwin - 1914 - 612 sider
...policy. Mansfield said: Insurance is a contract upon speculation. The special facts upon which the chance is to be computed lie most commonly in the...knowledge of the insured only, the underwriter trusts to representation and proceeds upon confidence that he does not keep back any circumstances in his knowledge...
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Illustrative Cases on Evidence

Archibald Hall Throckmorton - 1924 - 594 sider
...author supports that text by an extract from Lord Mansfield's decision in the leading case of Carter v. Boehm, 3 Burr. 1905 : "The special facts upon which...confidence that he does not keep back any circumstance in Tns knowledge to mislead the underwriter into a belief that the circumstance does not exist, and induce...
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A Handbook to Marine Insurance: Being a Guide to the History, Law and ...

Victor Dover - 1924 - 414 sider
...party, the contract may be avoided by the other party. " Insurance is a contract upon speculation. The special facts upon which the contingent chance...computed lie most commonly in the knowledge of the assured only; the underwriter trusts to his representation, and proceeds upon confidence that he does...
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The Federal Reporter, Volum 72

1896 - 1052 sider
...material facts in insurance to avoid the policy. He said: "Insurance Is a contract upon speculation. The special facts upon which the contingent chance Is to be computed He most commonly In the knowledge of the Insured only. The underwriter trusts to his representations,...
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Reports of Cases Relating to Maritime Law: New series, Volum 2

1876 - 650 sider
...concealment happened through mistake, neglect or accident, without any fraudulent intention. . . . The special facts upon which the contingent chance is to be computed usually lie in the knowledge of the insured only, and the underwriter trusts to his representation...
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The New Law Reports, Volum 7

1904 - 428 sider
...describe fully the risk—Consequence of failure to do so. Insurance is a contract upon speculation. The special facts upon which the contingent chance...proceeds upon confidence that he does not keep back iany circumstances in his knowledge to mislead the underwriter into a belief that the circumstance...
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Legal Secrets: Equality and Efficiency in the Common Law

Kim Lane Scheppele - 1988 - 392 sider
...disclosure in insurance law, this is precisely what Lord Mansfield wrote in his opinion. He indicated that "the special facts, upon which the contingent chance...lie most commonly in the knowledge of the insured only"32 and that therefore they have to be disclosed. But Lord Mansfield also wrote that "either party...
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Policies and Perceptions of Insurance: An Introduction to Insurance Law

Malcolm Alistair Clarke - 1997 - 358 sider
...Insured In the landmark case on disclosure Lord Mansfield said: Insurance is a contract upon speculation. The special facts, upon which the contingent chance...of the insured only; the underwriter trusts to his representation, and proceeds upon confidence that he does not keep back any circumstance in his knowledge...
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The Development of the Principles of Insurance Law in the ..., Volum 1

J. P. Van Niekerk - 1998 - 760 sider
...very wide duty of disclosure on the part of the insured: 'Insurance is a contract upon speculation. The special facts, upon which the contingent chance...of the insured only: the under-writer trusts to his representation, and proceeds upon confidence that he does not keep back any circumstance in his knowledge,...
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Cases and Materials on Marine Insurance Law

Susan Hodges - 1999 - 1013 sider
...principle in insurance transactions.32 Lord Mansfield: [p 1909] ...Insurance is a contract of speculation. The special facts upon which the contingent chance...of the insured only; the underwriter trusts to his representation, and proceeds upon confidence that he does not keep back any circumstances in his knowledge,...
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