We’re talking bailments, folks. When I ask you to hold my beer, I am entrusting you with the safekeeping of my beer. Or, in the case of a cargo ship full of luxury autos, the safe transport of my cars from Europe to North America. Just like the baton in a relay race, the chain …
Read More “Here, Hold My Beer and Watch This”
With all of the uncertainty over re-opening businesses, you might be tempted to ask your employees and customers to sign a COVID-19 waiver before you let them return inside your buildings. Don’t do it. Proving someone did or didn’t contract the novel coronavirus from any particular location or person is extremely difficult. But what isn’t …
Read More “Waive(r)ing a Red Flag”
You have some real estate. It’s mortgaged. The mortgage company requires you to carry insurance. So the insurance company should pay directly to your mortgage company, and not to you, if the property burns to the ground and there is no longer any collateral for the bank to foreclose on, right? Wrong. Your insurance policy …
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