Examlex
Which of the following was not a nineteenth-century nationalist?
Open Policies
Insurance policies that do not fix the value of the insured cargo but leave it to be ascertained in case of loss.
Fair Market Value
The price at which an asset would change hands between a willing buyer and seller, each having reasonable knowledge of relevant facts, and neither being under compulsion to buy or sell.
Material Facts
Facts that are significant or essential to the issue at hand, and that can influence a decision or outcome.
Void
Refers to an agreement or contract that is deemed legally invalid and unenforceable from the outset, as if it never existed.
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