In general, a powertrain plan covers the engine, transmission, transfer case, and drive axles on vehicles. However, it excludes damages caused by the following: Accidents or collisions Insufficient or improper maintenance Vehicle misuse Maintenance services like oil changes and tire rotations Contaminated...
Although there are various ways to view traceability, it can be generally divided into two perspectives: chain traceability and internal traceability. Chain Traceability The general concept of traceability in the world applies to chain traceability. Chain traceability means that the history from procuremen...
(c) for any purpose that is intended to cause, or may reasonably be considered to cause, a loss of life; or (d) if you are a person, firm or entity: (i) located in any country that is subject to a trade embargo, or has been designated as a terrorist supporting country, by the...
What is required for liquidated damages provisions to be enforced? For example,the amount must be reasonable. Liquidated damages are not designed to punish contractors, and thus cannot be an amount that could be considered excessive or punitive.For example, $20-$25 per day for each $100,000...
General DamagesSpecial DamagesBreach of ContractThere have been some arguments in some quarters as to the appropriateness of seeking general and special damages for the breach of a contract. This paper seeksdoi:10.2139/ssrn.2613070Joseph Onele
Oftentimes, we run up balances on our cards and are unaware of the damages it can cause. Credit utilization is the ratio of your credit card balance to your credit limit as listed on your credit report. You should never use more than 30% of your available credit limit. For example, if...
One of the more unique features of the law is that it doesn't specify a particular dollar amount for fines or other statutory damages for breaking the law. It simply states that the Attorney General can take legal action. Businesses will also have a 60-day cure period to address any viola...
What Is Not Covered Under Commercial General Liability Insurance? Most CGL policies do not cover intentional or expected damage by the insured. They also do not cover damages due to intoxication (in alcohol-related businesses), pollution, automobiles or other vehicles, damage to a business' work,...
If you believe you've been discriminated against, there are several steps you can take: First, contact the creditor to complain. You may be able to persuade the company to take a second look at your application. Check with your state attorney general’s office to see if the creditor violat...
What Are the 3 Types of Enterprise Risk? ERM often summarizes the risks a company faces into operational, financial, and strategic risks. Operational risks impact day-to-day operations, while strategic risks impact long-term plans. Financial risks impact the general financial standing and health of...