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Regardless of who the agent is that actually repossesses a vehicle the responsibility will remain with the agency that actually accomplished the repossession, however, the Creditor is ultimately responsible for the actions of the agents that they assign an account to. The assigning agency, if they had no actual part in the repossession will probably not be responsible.

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Why would professionals purchase errors and omissions insurance?

Professionals purchase error(s) and ommission insurance to have protection against claims against them of faulty services in which a monetary value can be affixed according to damages incurred.


What is Passing of risk and accidental damages in real estate?

The passing of risk in real estate refers to the transfer of liability for any damage to a property from the seller to the buyer, typically occurring at the point of sale or contract signing. Accidental damages are unforeseen damages that can occur during the possession of a property. In many real estate transactions, the risk of accidental damages may shift to the buyer upon closing, meaning the buyer is responsible for any damages that occur after that point, regardless of the cause. Understanding these concepts is crucial for both buyers and sellers to mitigate potential losses associated with property ownership.


What is the exact meaning of services not rendered?

"Services not rendered" refers to a situation where a service that was expected or agreed upon was not actually provided or completed. This term is often used in legal and financial contexts, particularly in disputes over contracts or billing, indicating that payment may be unjustified if the service was never delivered. It emphasizes the importance of fulfilling obligations in agreements and can lead to claims for reimbursement or damages.


What can you expect from your hair salon after they burnt your hair?

Well, they should pay you back for any damages and pain they may have caused. If they were at fault, then the salon should be help responsible to compensate you. Otherwise, I don't know if I would trust the salon again. I would just switch salons, instead of running the chance that the same mistake happen again.


What is another name for liability insurance?

Another name for liability insurance is "third-party insurance." This type of insurance provides coverage for claims made by third parties for damages or injuries for which the insured is found legally responsible. It is commonly used in various contexts, such as auto insurance, general liability insurance for businesses, and professional liability insurance for service providers.

Related Questions

Your son who has a car and his own car insurance used your car for the weekend he was in a accident the fault so far lies with the other driver whose insurance is responsible for the damages to your c?

The driver at fault is always responsible for damages incurred during an accident. The at fault insurance company is responsible for damages to your car.


What types of contracts are required for furniture rental?

They may require a credit check. Then just the rental contract. You will be responsible for damages.


What is liquidity damages?

Liquidity damages refer to a predetermined amount of compensation specified in a contract that one party must pay to the other in the event of a breach. These damages are designed to reflect the expected losses incurred due to the inability to access liquid assets or complete a transaction as planned. Unlike traditional damages, which can be difficult to quantify, liquidity damages provide a clear and agreed-upon figure to streamline the resolution process. They are often used in commercial contracts to mitigate risks and ensure parties have a clear understanding of potential financial repercussions.


Who is the indemnifying party in the contract and what liabilities are they responsible for?

The indemnifying party in a contract is the party that agrees to compensate the other party for any losses, damages, or liabilities that may arise from the contract. They are responsible for covering the costs and damages incurred by the other party due to breaches of the contract or other specified events.


Can I sue the moving company for damages incurred during the relocation process?

Yes, you can sue the moving company for damages incurred during the relocation process. It is important to gather evidence of the damages and consult with a legal professional to understand your options for pursuing a lawsuit.


How can one prove a breach of contract?

To prove a breach of contract, one must show that a valid contract existed, that one party failed to fulfill their obligations under the contract, and that the other party suffered damages as a result of the breach. This can be done through evidence such as written contracts, communication records, and documentation of the damages incurred.


Are you at fault for an accident caused by a medical condition?

Yes. If you were at fault then you are liable for the damages you incurred.


Is a homeowner responsible for damage from a limb if they're notified prior to it actually falling?

Yep, If you received notification and took no reasonable and prudent action to mitigate a loss you can be held liable through negligence for the damages incurred.


Can you sue an attorney who represtented you in a bankruptcy but you incurred financial damages resulting from his negligence?

Yes, if you can prove that the he actually was negligent, and that his negligence caused your financial damages.


If a wrongful action is made with no injury to a patient does a tort exist?

Not usually. Civil law exists that an individual who has wrongly incurred damages might be made whole again. It doesn't exist to enrich people who have incurred no damages even if a technical wrong occurred.


Is the person responsible for a boating accident supposed to pay for damages?

Usually anyone that is responsible should pay for damages that they caused.


Is an insured driver on your policy responsible for damages that they have not repaired on your vehicle?

== == In the event that you got into a car accident and it was not your fault but the other driver's, if he is insured, his insurance company is liable to pay for the damages of your vehicle. On the other hand, if the other driver is not insured, your own insurance company, provided you have a policy regarding uninsured or underinsured drivers, will be responsible for the damages your vehicle has incurred. They however, may have a right of action against the person responsible for the accident. The person who caused the damage to your vehicle is ultimately responsible for the damage to your vehicle regardless of whether there is an applicable insurance coverage or not. Whether you actually have the repairs done is none of their business.