Any personal property affixed to real property in such a way as to become part of the real property.
Currency, coins, bank notes, and sometimes traveler's checks, credit card slips, and money orders held for sale to the public.
Written instruments representing either money or other property, such as stocks and bonds.
As defined in commercial general liability and auto forms, a land motor vehicle, trailer, or semitrailer designed for travel on public roads, including attached machinery or equipment; or any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law in the state where it is licensed or principally garaged.
Various types of vehicles designed for use principally off public roads, such as bulldozers and cranes.
A vehicle used for sports and recreational activities, such as a dune buggy, all-terrain vehicle, or dirt bike.
The cause of a loss.
A lender in a mortgage arrangement, such as a bank or another financing institution.
The person or organization that borrows money from a mortgagee to finance the purchase of real property.
The party temporarily possessing the personal property in a bailment.
The legally enforceable obligation of a person or an organization to pay a sum of money (called damages) to another person or organization
The Constitution itself and all the decisions of the Supreme Court that involve the Constitution.
A written law passed by a legislative body at either the federal or state level.
The formal laws, or statutes, enacted by federal, state, or local legislative bodies.
Common law (case law)
Laws that develop out of court decisions in particular cases and establish precedents for future cases.
The branch of the law that imposes penalties for wrongs against society.
A classification of law that applies to legal matters not governed by criminal law and that protects rights and provides remedies for breaches of duties owed to others.
A wrongful act or an omission, other than a crime or a breach of contract, that invades a legally protected right.
The branch of civil law that deals with civil wrongs other than breaches of contract.
The failure to exercise the degree of care that a reasonable person in a similar situation would exercise to avoid harming others.
A cause that, in a natural and continuous sequence unbroken by any new and independent cause, produces an event and without which the event would not have happened.
A person or an organization that has committed a tort.
A legal responsibility that occurs when one party is held liable for the actions of a subordinate or an associate because of the relationship between the two parties.
A tort committed by a person who foresees (or should be able to foresee) that his or her act will harm another person.
The threat of force against another person that creates a well-founded fear of imminent harmful or offensive contact.
Intentional harmful or offensive physical contact with another person without legal justification.
A false written or oral statement that harms another’s reputation.
A defamatory statement expressed by speech.
A defamatory statement expressed in a writing.
The seizure or forcible restraint of a person without legal authority.
Invasion of privacy
An encroachment on another person’s right to be left alone.
Strict liability (absolute liability)
Liability imposed by a court or by a statute in the absence of fault when harm results from activities or conditions that are extremely dangerous, unnatural, ultrahazardous, extraordinary, abnormal, or inappropriate.
Hold-harmless agreement (or indemnity agreement)
A contractual provision that obligates one of the parties to assume the legal liability of another party.
A written or an oral statement in a contract that certain facts are true.
Legal liability imposed by a specific statute or law.
Personnel loss exposure
A condition that presents the possibility of loss caused by a person's death, disability, retirement, or resignation that deprives an organization of the person's special skill or knowledge that the organization cannot readily replace.
An employee whose loss to a firm through death or disability before retirement would have economic effects on the company.
The inability (because of impairment) of a person to meet his or her personal, social, or occupational demands; other activities of daily living; or statutory or other legal requirements.