The loan or debt is repayable only in the event of the ship's safe arrival at the port of destination ; and in consideration of this risk, the lender or creditor exacts a premium, the amount of which depends on the nature of the adventure. If the ship... Library of Universal Knowledge - Page 2431879Full view - About this book
| 1868 - 872 pages
...debt is repayable only in the event of the ship's safe arrival at the port or destination ; and in consideration of this risk, the lender or creditor...interest at the rate agreed upon. These contracts, when made by the owner to raise money for the outfit of the vessel, are preferable according to the... | |
| 1868 - 858 pages
...debt is repayable only in the event of the ship's safe arrival at the port or destination ; and in consideration of this risk, the lender or creditor...if she returns safely, he recovers his principal, in Aether with interest at the rate agreed upon. These contracts, when made by the owner to raise money... | |
| Ephraim Chambers - 1870 - 850 pages
...debt is repayable only in the event of the ship's safe arrival at the port or destination ; and in consideration of this risk, the lender or creditor,...his money ; but if she returns safely, he recovers hia principal, together with interest at the rate agreed upon. These contracts, when made by the owner... | |
| Henry Foulks Lynch - 1874 - 462 pages
...her keel or bottom is pledged (partem pro toto), as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but, if she return safely, he recovers his principal and interest. i ibel or slander. Can his executors maintain... | |
| 1876 - 852 pages
...debt is repayable only in the event of the ship's safe arrival at the port or destination ; and in consideration of this risk, the lender or creditor...order of date ; but inversely, the latest is preferred to the preceding, because it is presumed that the last loan saved the ship, and in all cases necessity... | |
| Henry Gilbert Rawson - 1882 - 276 pages
...her keel or bottom is pledged (partem pro fofo) as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money ; but if she return safely, he recovers his principal, together with the interest agreed upon. Bound-bailiffs, officers... | |
| John Jane Smith Wharton - 1883 - 908 pages
...lier keel or bottom is pledged (partem pro tota) asa security for the repayment of a MUU of money. If the ship be totally lost, the lender loses his money; but if she return safely, he recovei-s his principal, together with the interest agreed upon. Such tonds are allowed... | |
| Henry Gilbert Rawson - 1884 - 362 pages
...by which she and her freight or cargo are pledged as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but if she return safely, he recovers his principal, together with the interest agreed upon, which is at a high... | |
| 1888 - 848 pages
...debt is repayable only in the event of the ship's safe arrival at the port of destination ; and in consideration of this risk, the lender or creditor...the ship be totally lost, the lender loses his money ; hut if she returns safely, he recovers hi* principal, together with interest at the rate agreed upon.... | |
| William Cox Cochran - 1888 - 352 pages
...hy which she and her freight or cargo are pledged as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but if she return safely, he recovers his principal, together with the interest agreed upon, which is at a high... | |
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