Common Law Defenses

Definition of "Common law defenses"

Arguments composed of assumption of risk, contributory negligence, and fellow servant rule.

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Related Real Estate Glossary terms

Survivorship Benefit

Retirement income benefit of a survivor (or survivors) of an insured individual, according to a part ...

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Insurance company program in which the beneficiary of an insurance policy is encouraged to leave the ...

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Legal responsibility for something. For example, an owner of commercial property (e.g., restaurant) ...

Pledged Account Mortgage (PAM)

Method of using the buyer's down payment on a home as an interest bearing collateralized account to ...

Fortuitous Event

Same as term Fortuitous Loss: loss occurring by accident or chance, not by anyone's intention. Insur ...

Judicial Foreclosure

Property of a defaulted borrower is sold under court order, and the judge must approve the amount re ...

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